The Company announces private placement of $325,000, and receipt of
Class 3 Mining Land Use Permit
TORONTO, Oct. 19, 2012 /CNW/ - Gold World Resources Inc.
(TSXV: GDW) (the "Company") is pleased to announce a
non-brokered private placement (the "Offering") of up to 13 million
units at a price of $0.025 per unit. Each Unit will consist of
one common share and one share purchase warrant ("Warrant"). Each
Warrant is exercisable at a price of $0.05 at any time within twelve (12) months from
date of issue, and at a price of $0.10 thereafter until three years from date of
issue. A finder's fee may be issued to arm's length parties who
introduce subscribers to the Company, and is payable in cash,
shares, and / or warrants subject to compliance with the TSX
Venture Exchange ("TSXV").
The Offering is being made pursuant to TSXV
Bulletin dated August 17, 2012, which
provides for temporary relief from certain pricing requirements.
The net proceeds of the financing will be used to maintain the
Company's assets, for debt repayment and working capital purposes
that meet the criteria established by the TSXV.
The Company is also pleased to announce the
receipt of the Class 3 Mining Land Use Permit with Operational
Guidelines for the Mt. Anderson Project, valid from August 2, 2012 to August
1, 2017.
About the Company
The Company is a gold, silver and precious metals exploration
company, currently focusing is on the Mt. Anderson gold/silver,
polymetallic project, near Whitehorse, Yukon, and on the recently acquired
polymetallic property at Kempt Snare Lake in Nova Scotia.
ON BEHALF OF THE BOARD
"Hermann Derbuch",
Chairman &
CEO
Gold World Resources
Inc.
This Press Release may contain
forward-looking statements (including "forward looking information"
within the meaning of applicable Canadian securities legislation)
related to the Company's activities which involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company 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 Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, save and except as may be required by applicable
securities laws. The forward-looking statements contained
herein are expressly qualified by this disclaimer. Neither the TSX
Venture Exchange nor its Regulation Service Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
SOURCE Gold World Resources Inc.