ARMSTRONG, BC, Aug. 19 /CNW/ - GWR Resources Inc. (TSX Venture: GWQ) is
pleased to announce that it has received $331,113 of subscription monies for
its hard dollar private placement announced by news release on May 19, 2009.
Subject to final TSX Venture Exchange approval, the Company will issue
2,207,422 units at a price of $0.15 per unit. Each unit will consist of one
common share plus one non-transferable warrant, each warrant being exercisable
for two years at a price of $0.15 for the initial 6 months, $0.20 for the next
6 months, and $0.30 for the second year.
The proceeds of this private placement were largely raised for 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: Harley D. Sinclair,
Executive Vice President, Company Telephone Number: (250) 546-8048