April 19, 2011
ARMSTRONG, BRITISH COLUMBIA - GWR Resources Inc. (TSX Venture: GWQ) announces that a decision has been made to arrange a non brokered private placement of up to 1,351,351 units at a price of $0.37 per unit for gross proceeds of up to $500,000, subject to approval of the TSX Venture Exchange (the “Exchange”).
The proceeds of this private placement are expected to be used for general working capital.
No finder’s fees or commissions are expected to be paid.
Each unit will consist of one common share plus one non-transferable warrant entitling the investor to purchase one additional common share for a period of 24 months at a price of $0.45 per share for the first year and at a price of $0.60 for the second year.
For further information, please contact:
Responsible Officer: Irvin Eisler, President
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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