WESTWARD ANNOUNCES SECTION 111 FILING
TSXV: WWE.H
VANCOUVER, Oct. 22 /CNW/ - Westward Explorations Ltd. (the "Company") reports that Endeavour Financial Ltd., a wholly-owned subsidiary of Endeavour Mining Corporation has been granted stock options pursuant to the Company's Stock Option Plan. The Company has been advised that Endeavour Mining Corporation and its wholly-owned subsidiaries hold 9,000,000 common shares representing 8.60% of the Company's current outstanding capital. Following the grant and assuming the exercise of all of their options, Endeavour Mining Corporation and its wholly-owned subsidiaries would own a total of 11,000,000 common shares which would represent approximately 10.31% of the Company's then outstanding capital on a partially diluted basis. The Company is advised that the securities were acquired by for investment purposes. While Endeavour does not currently have any intention to acquire further securities of the Company, they may in the future acquire or dispose of securities of the Company, through the market or otherwise, as circumstances or market conditions warrant.
On behalf of the Board of
Westward Explorations Ltd.
"John Pallot"
President
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 NEWS RELEASE
For further information:
John Pallot
President
Tel: 604.688.1508
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