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Toronto ? Aug 30, 2006 - Gold World Resources Inc. announces that it has arranged for a non-brokered private placement
Toronto ? Aug 30, 2006 - Gold World Resources Inc. (TSX-V ?GDW?) is pleased to announce that it has arranged for a non-brokered private placement of up to 2 million units with a group of private investors. Units are priced at 11 cents and comprise of one common share and one half of one purchase warrant. A full purchase warrant entitles the holder to acquire one additional common share of the company at a price of 15 cents for a period of 12 months.
A finder's fee in cash or securities may be payable by the company with respect to all or part of the arranged private placement.
The net proceeds of the offering will be used towards the Company?s 70% joint venture Xiqinggangping Gold Property in China, to pursue additional advanced Chinese mining properties and for general working capital purposes.
About Gold World
Gold World Resources Inc. is a resource company searching for gold and silver properties with an emphasis on China. China is the world's fourth largest gold producer, with a high potential for discovery of gold and silver, good access, good infrastructure and competitive labour rates. Gold World believes that the recently adopted open door policy being followed in China will facilitate a further increase in foreign exploration and development. Gold World currently has two Gold and Silver Properties in Mexico under a 50% earn-in option, the Fiebre do Oro and the Yerbabuena.
We seek Safe Harbor.
ON BEHALF OF THE BOARD
Boris Ziger
President & Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.
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