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) 546-8048The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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