TORONTO, Oct. 5, 2012 /CNW/ - Gold World Resources Inc. (TSXV: GDW) or (the "Company") reports that at its Annual Meeting held on September 27, 2012 future developments planned for the Company's growth were discussed.
Hermann Derbuch, Chairman & CEO, stated that despite the difficult funding climate, thanks to support from loyal fund managers, employees, creditors and new investors, the Company was able to pay the second of 3 property payments to secure, over a 3-year period, the right to own 100 percent of the Mount Anderson Yukon Project (see press release March 4, 2011).
Based on exploration results from the Mount Anderson Yukon Project received to date, management is convinced of the quality of the project and is determined to advance it as quickly and efficiently as funding support allows.
Several opportunities were considered and are open to be pursued:
a) Fundraising by way of Private Placement
b) Joint Venture participations on specific properties
c) Merger with another company
The Chairman advised that he has been in contact with certain larger shareholders and has received support for such approaches. Although no joint venture has been signed at this stage, the Chairman expressed his optimism that a suitable partner can be found or a merger arranged.
Hermann Derbuch also stated that he is looking for a CEO to succeed him and he is confident that with shareholder support the Company will continue to grow and prosper. Candidates are encouraged to contact the Company.
About the Company:
The Company is a gold and precious metals exploration company. Its current focus is on the Mount Anderson Yukon gold/silver, polymetallic project. The Company recently acquired a polymetallic project in Nova Scotia.
ON BEHALF OF THE BOARD
Chairman & CEO
Gold World Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Gold World Resources Inc.
For further information:
Hermann Derbuch, P.Eng.
Tel.: 416.594.9888 Fax: 416.594.1967