Westminster Resources Ltd (WMRSF: OTC Link) | Westminster Announces Private Placement

Westminster Announces Private Placement

Nov 04, 2011

OTC Disclosure News Service

Vancouver, BC, Canada –

WESTMINSTER RESOURCES LTD.

PRESS RELEASE                                                November 4, 2011

Corporate Office:                                                                                              #WMR 11-11

Suite 488-625 Howe Street

Vancouver, BC CANADA

V6C 2T6                                                                                                            WMR-TSX.V

                                                                                                                        WMRSF-OTCQX

 

Tel: (604) 608-0400 Fax: (604) 602-9330

Toll Free: (877) 608-0007 Website: http://www.westminsterres.com                                           Page 1 of 1

 

 

Westminster Announces Private Placement

 

 

Westminster Resources Ltd. (the “Company”) (TSX-V: WMR), announces that it has negotiated a non-brokered private placement of 12,000,000 shares at $0.10 per share for gross proceeds of $1,200,000.

 

Finders’ fees commensurate with TSX.V policies will be paid from the Company’s working capital.

 

The funds raised will be used to conduct exploration on the Company’s El Cobre-Cumbral IOCG prospect in Sonora, Mexico and for general working capital.

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

WESTMINSTER RESOURCES LTD.

 

Glen J. Indra”

                                                                                   

 

 

For further information regarding Westminster Resources Ltd., please contact Fulvio Scrigner at 604-608-0400, Toll Free: 1-877-608-0007 or visit our website at www.westminsterres.com.

 

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.

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

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/WMRSF/news?id=37503

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