TORONTO, Jan. 28 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture)
("GWR" or the "Company") is pleased to announce the completion of the
private placement of 5,280,000 units at $0.05 with each unit being
comprised of one common share and ½ warrant; each full warrant
comprised within the units is exercisable for a period of 12 months at
an exercise price of $0.10 per warrant share (see press release of
November 29, 2010).
As a result of the recent addition of the Mount Anderson, Yukon Project
to GWR's property portfolio, the Company intends to offer a new
financing to better reflect the requirements of the Company's
The new financing will consist of:
Unit Offering: 15,000,000 units at $0.05 per unit with each unit being
comprised of one common share and ½ warrant. Each whole warrant is
exercisable for a period of 12 months at an exercise price of $0.10 per
Flow-Through Offering: 20,000,000 common shares at $0.07 per share to be
issued on a flow-through basis within the meaning of the Income Tax Act (Canada).
The Company is pleased to be able to offer these shares under the new
financing to its shareholders to participate in the growth, exploration
and development of the Company's assets.
Completion of the offering is subject to TSX Venture Exchange approval
and all securities issued under the offering will be subject to a four
month statutory hold period.
About Gold World Resources Inc.:
The Company continues to explore for precious metals in China. With the
signing of the Binding Letter of Intent on the prolific gold/silver
play in the Yukon, Canada, the Board of Directors is implementing its
corporate strategy to grow the Company and at the same time diversify
its operating locations.
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