TORONTO, April 20 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) is
pleased to announce that it has closed, subject to approval by the TSX-Venture
Exchange, the private placement of 26,130,333 units raising a total of
Each unit consists of one common share of the Company at $0.02 and one
half of one non-transferable share purchase warrant. Each full warrant
entitles the holder to acquire one additional common share of the Company at
$0.05 for a period of 12 months. The units issued on that offering will be
subject to a four month hold period.
The proceeds include $35,000 from insiders. Cash finders' fees totaling
$10,400 were paid in respect of the placement.
The proceeds of the private placement will be used to fund the Ming
Gold/Silver Project in China and for working capital purposes. Gold World
Resources announced on March 30, 2009 that that it had been granted the
Business License for its Chinese joint venture company "Hebei Ming Yu Mining
Corporation Ltd" ("Ming Yu") with a business term of 30 years, beginning March
20, 2009 to March 19, 2039. The Company will become a 70% shareholder of Ming
Yu following its contribution of USD178,393.00 to its registered capital
within 6 months.
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