Winston Resources closes $2.9M financing

Vancouver (pcJ News Briefs) – Winston Resources Inc. (CSE: WRW) has completed previously announced and oversubscribed non-brokered private placement of 11,600,000 units at $0.25 per unit for gross proceeds of $2,900,000.

Each unit will be comprised of one common share and one common share purchase warrant exercisable into a common share at an exercise price of $0.50 for a period of two years.

Proceeds will be used for costs relating to the transaction with Green Tree Therapeutics, and for general working capital.