ARMSTRONG, BC, May 19 /CNW/ - GWR Resources Inc. (TSX Venture: GWQ)
announces that it is arranging, subject to TSX Venture Exchange approval, a
hard dollar private placement of up to 2,222,222 units at a price of $0.18 per
unit for gross proceeds of up to $399,999.96. Each unit will consist of one
common share plus one non-transferable warrant, each warrant being exercisable
for two years at a price of $0.18 in the first year and at a price of $0.30 in
the second year.
No finder's fees are payable.
The proceeds of this private placement will mostly be used towards the
Company's 2009 drill program on the Company's property near Lac La Hache, B.C.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
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