PRESS RELEASE
Gold World Closed Second and Final Tranche of Private Placement
Toronto,
February 25, 2008, Gold World Resources Inc. (GDW-TSX Venture) (the
"Company") is pleased to announce that it has closed the second
tranche of a non-brokered private placement (the “Placement”), raising
approximately $500,000 by issuing a total of 8,333,333 units of its securities
at a price of $0.06 per unit. Each unit consists of one common share and one
half of one share purchase warrant. Each whole warrant is exercisable for the
purchase of one additional common share at a price of $0.10 per share for a
period of twelve months from date of close. Finder’s fees up to 10% of gross
proceeds are due in respect of a portion of the Placement.
The proceeds of this
second tranche financing, when combined with the $368,000 proceeds of the
previously announced (see press release January 2, 2008) first tranche,
aggregate to $868,000. The proceeds of the private placement will be used to
fund the Ming Gold/Silver Project and for working capital purposes.
About Gold World Resources Inc.:
The Company is exploring for precious metals in China and has signed recently a Joint Venture Contractto establish a Sino-Foreign Contractual Joint Venture Company for the exploration and development ofthe Ming (Yangjiagou) Gold/Silver Project. For more information about the Company’s activities we invite you to visit our website www.goldworldresources.com .
|
ON BEHALF OF THE BOARD
“Hermann Derbuch”,
Chairman & CEO
Gold World Resources Inc.
|
|
| For further information, please contact: |
|
Hermann Derbuch, P.Eng.
Tel.: (416) 594 9888
Fax: (416) 594 1967
E-mail:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
|
|
Certain of the statements made and information herein is “forward-looking information” within the meaning of the Securities Act (Alberta), including statements concerning Gold World’s 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, 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 judgement as of the date hereof based on information currently available.
The TSX -V Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
|
