News Releases

GWR Arranges $470,000 Hard Dollar Private Placement

January 6, 2009

ARMSTRONG, BRITISH COLUMBIA - GWR Resources Inc. (TSX Venture: GWQ) is pleased to announce that it has arranged, subject to TSX Venture Exchange approval, a private placement of 1,678,572 common shares at a price of $0.28 per share for gross proceeds of $470,000. Certain of the investors will also receive a total of 250,000 non-transferable warrants, each warrant being exercisable for two years at a price of $0.30 in the first year following closing and at a price of $0.35 in the second year.

No finder’s fees are payable.

The proceeds of this private placement will be used for general working capital.

For further information, please contact:

Responsible Officer: Irvin Eisler, President
Company Telephone Number: (250) 546-8048

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Back to the News page