TORONTO, Sept. 4 /CNW/ - Gold World Resources Inc. (GDW:TSX-V) ("the
Company") is pleased to announce the raising of up to $3 million for the
investigation to acquire gold projects in production in China, ongoing
activities related to its 70% interest in the Ming Gold/Silver Project and for
working capital purposes.
The offering is a non-brokered Private Placement (the "Placement") of
5cents Units with a half warrant attached to each unit. A full warrant is
exercisable at 10cents for 12 months. A commission of up to 10% of gross
proceeds will be paid to finders in respect of their portion of the Placement,
subject to TSX-Venture Exchange approval.
The Company is exploring for precious metals in China. It has been
granted a Certificate of Approval for the Establishment of Enterprises with
Foreign Investment in the People's Republic of China and a Business License,
both with 30 year business terms. The Company has been offered operating gold
projects for acquisition or joint venture. For more information about the
Company's activities we invite you to visit our website
ON BEHALF OF THE BOARD
Chairman & CEO
Gold World Resources Inc.
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Securities Act
(Alberta), including statements concerning Gold World Resources' plans for the
Property, which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
Gold World Resources, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
information. Such information contained herein represents management's best
judgment as of the date hereof based on information currently available.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Hermann Derbuch, P.Eng., Tel.: (416) 594-9888,
Fax: (416) 594-1967