GWR Acquires Options to Purchase Additional Claims in Lac La Hache



    ARMSTRONG, BC, Dec. 11 /CNW/ - GWR Resources Inc. ("GWR") (TSX Venture:
GWQ) is pleased to announce that it has entered into two option agreements
pursuant to which it acquired options to purchase a total of four mineral
claims, two of which are known as the "Red Claims" and the remaining two are
known as the "Fly Claims". These property interests will now form part of
GWR's Lac La Hache property.
    Pursuant to the Red Claims option agreement, GWR initially paid $5,000
and will initially issue 25,000 common shares upon approval of the TSX Venture
Exchange (the "Exchange").
    Pursuant to the Fly Claims option agreement, GWR initially paid $10,000
and will initially issue 60,000 common shares upon approval of the Exchange.
    At GWR's option, the following is required to maintain and exercise the
option and acquire the Red Claims: (i) GWR paying an additional aggregate of
$95,000 to the owner, as follows: $10,000 on or before the first anniversary
of the day the Exchange approves the Red Claims option agreement (the
"Acceptance Date"); $20,000 on or before the second anniversary of the
Acceptance Date; and $65,000 on or before the fifth anniversary of the
Acceptance Date; (ii) GWR issuing an additional aggregate of 275,000 common
shares of GWR (the "Shares") to the owner, as follows: 50,000 Shares on or
before the first anniversary of the Acceptance Date; 75,000 Shares on or
before the second anniversary of the Acceptance Date; and 150,000 Shares on or
before the fifth anniversary of the Acceptance Date; and (iii) and GWR
incurring expenditures on the Red Claims in an aggregate amount of $125,000,
as follows: $25,000 on or before the first anniversary of the Acceptance Date;
$50,000 on or before the second anniversary of the Acceptance Date; and
$50,000 on or before the third anniversary of the Acceptance Date. Once
acquired, the Red Claims will be subject to a 2% net smelter royalty, however,
GWR has an option to repurchase one half of it for a purchase price of
$500,000 within the period of 20 years.
    If desirable at the time, GWR may exercise its option to acquire the Fly
Claims upon issuance of an additional 60,000 common shares of GWR to the owner
on or before the first anniversary of the day the Exchange approves the Fly
Claims option agreement. Once acquired, the Fly Claims will be subject to a 2%
net smelter royalty which will terminate once the aggregate royalty payments
reach $200,000.
    Both option agreements, as well as the issuances of shares pursuant to
the option agreements, are subject to the approval of the Exchange, which GWR
expects to receive this month. Under the applicable securities laws and the
policies of the Exchange, any shares issued under the option agreements will
be subject to a four month plus a day hold period starting from the date of
issue.

    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: Responsible Officer: Irvin Eisler, President,
Company Telephone Number: (250) 546-8048

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GWR RESOURCES INC.

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