May 19, 2009
ARMSTRONG, BRITISH COLUMBIA - GWR Resources Inc. (TSX Venture: GWQ) announces that it is arranging, subject to TSX Venture Exchange approval, a hard dollar private placement of up to 2,222,222 units at a price of $0.18 per unit for gross proceeds of up to $399,999.96. Each unit will consist of one common share plus one non-transferable warrant, each warrant being exercisable for two years at a price of $0.18 in the first year and at a price of $0.30 in the second year.
No finder’s fees are payable.
The proceeds of this private placement will mostly be used towards the Company’s 2009 drill program on the Company’s property near Lac La Hache, B.C.
For further information, please contact:
Responsible Officer: Irvin Eisler, President
Company Telephone Number: (250) 546-8048Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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