|
Press Release
GOLD WORLD ANNOUNCES FINANCING
Toronto, December 29, 2008, Gold World Resources Inc. (GDW-TSX Venture)
(the "Company") is pleased to announce
that it has arranged a non brokered private placement of up to 30 million units
at a price of $0.02 per unit to raise gross proceeds of $600,000. Each unit
will consist of one common share of the Company and one half of one
non-transferable share purchase warrant. Each full warrant will entitle the
placee to acquire one additional common share of the Company for a period of 12
months at an exercise price of $0.05 per share. The units issued on the
offering will be subject to a four month hold period. A cash finder’s fee of up
to 10% of proceeds sourced from finders as well as share purchase warrants to
purchase up to 10% of the units sold under the financing may be payable on a
portion of the placement.
The proceeds of the private placement will be used for funding
of an exploration program planned for the Ming Gold/Silver Project in Hebei,
China, for further investigations of other advanced Chinese mining properties
for acquisition, and for general working capital purposes. The placement is
subject to acceptance by the TSX Venture Exchange.
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", For
further information please contact:
Chairman
& CEO Hermann
Derbuch, P.Eng.
Gold
World Resources Inc. Tel.:
416.594.9888 Fax: 416.594.1967
Certain of the
statements made and information contained herein is „forward-looking
information" within the meaning of the Securities Act (Alberta), including
statements concerning Gold World Resources' 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 Resources,
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 judgment as of the date hereof
based on information currently available.
The TSX-Venture
Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.
|
