ARMSTRONG, BC, Jan. 6 /CNW/ - GWR Resources Inc. (TSX Venture: GWQ) is
pleased to announce that it has arranged, subject to TSX Venture Exchange
approval, a private placement of 1,678,572 common shares at a price of $0.28
per share for gross proceeds of $470,000. Certain of the investors will also
receive a total of 250,000 non-transferable warrants, each warrant being
exercisable for two years at a price of $0.30 in the first year following
closing and at a price of $0.35 in the second year.
No finder's fees are payable.
The proceeds of this private placement will be used for general working
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