Vancouver (pcJ News Briefs) – Winston Resources Inc. (CSE: WRW) intends to close a non-brokered private placement of up to 2,857,143 units at $0.70 per unit for gross proceeds of $2,000,000.
Each unit is comprised of one common share and one common share purchase warrant exercisable into a common share at an exercise price of $1.05 with a two year expiry.
Finder’s fees or commissions may be payable in connection with this private placement.
Proceeds of this private placement will be used for general working capital and potential acquisitions.