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
Chairman & CEO
Gold World Resources Inc.