VANCOUVER, June 9, 2014 /CNW/ – Westminster Resources Ltd. (the “Company”) (TSX-V:WMR) announces that the non-brokered private placement of 6,350,000 units at $0.05 per unit to raise gross proceeds of $317,500 has closed. Each unit will be comprised of one common share and one-half common share purchase warrant. Each full common share purchase warrant will entitle the holder to purchase one common share at $0.10 per share until June 6, 2016.
Without prior written approval of the TSX Venture Exchange and compliance with all applicable securities legislation, the common shares and share purchase warrants may not be sold, transferred, hypothecated or otherwise traded on or through the facilities of the TSX Venture Exchange or otherwise in Canada or to or for the benefit of a Canadian resident until October 8, 2014.
A finders’ fee of $19,600 commensurate with TSX.V policies will be paid.
The funds raised will be used to conduct exploration on the Company’s Sierra Project in Sonora, Mexico and for general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS WESTMINSTER RESOURCES LTD.
“Glen J. Indra”
Neither 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.
This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release may include, but is not limited to, the Company’s objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE Westminster Resources Ltd.
For further information: Westminster Resources Ltd., please contact Leif Smither or Fulvio Scrigner at 604-608-0400, Toll Free: 1-877-608-0007 or visit our website at www.westminsterres.com
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