Gold World Resources Announces up to CDN$3,000,000 Financing

Fri Sep 4, 9:20 AM

TORONTO, Sept. 4 /CNW/ - Gold World Resources Inc. (GDW:TSX-V) ("the Company") is pleased to announce the raising of up to $3 million for the investigation to acquire gold projects in production in China, ongoing activities related to its 70% interest in the Ming Gold/Silver Project and for working capital purposes.

The offering is a non-brokered Private Placement (the "Placement") of 5cents Units with a half warrant attached to each unit. A full warrant is exercisable at 10cents for 12 months. A commission of up to 10% of gross proceeds will be paid to finders in respect of their portion of the Placement, subject to TSX-Venture Exchange approval.

The Company is exploring for precious metals in China. It has been granted a Certificate of Approval for the Establishment of Enterprises with Foreign Investment in the People's Republic of China and a Business License, both with 30 year business terms. The Company has been offered operating gold projects for acquisition or joint venture. For more information about the Company's activities we invite you to visit our website www.goldworldresources.com.

    
    ON BEHALF OF THE BOARD
    "Hermann Derbuch",
    Chairman & CEO
    Gold World Resources Inc.

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Securities Act (Alberta), including statements concerning Gold World Resources' plans for the Property, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gold World Resources, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.

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

Contacts

Hermann Derbuch
P.Eng.
Tel.: (416) 594-9888
Fax: (416) 594-1967