TORONTO, Sept. 15, 2011 /CNW/ - Gold World Resources Inc. (TSXV:GDW) or
("the "Company") is pleased to announce that the TSX Venture Exchange
(the "Exchange") has accepted the shares for debt filing (see press
release May 31, 2011) as approved by shareholders at the Annual and
Special Meeting held June 27, 2011.
As indicated in the 2011 Management Information Circular, the shares for
debt filing is to convert a total amount of $262,000 owed by the
Company to Mr. Hermann Derbuch, Chief Executive Officer, for unpaid
salaries during the period of 2008 to 2010. The annual salary paid and
payable during this time period is summarized in the following table:
A total of 5,240,000 common shares will be issued to Mr. Derbuch in
settlement of the salaries payable from 2008 to 2010. There is a
restriction on trading the settlement for a period of four months and
one day from the date of issue.
About the Company:
The Company is a precious- and base-metals exploration company focusing
on the Mount Anderson Yukon gold/silver, polymetallic Project.
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.
SOURCE Gold World Resources Inc.
For further information:
Hermann Derbuch, P.Eng.
Tel.: 416.594.9888 Fax: 416.594.1967