WMR-TSX.V
WMRSF-OTCQX
VANCOUVER, Nov. 28, 2014 /CNW/ - Westminster Resources Ltd.
(the "Company") (TSX-V: WMR), announces a non-brokered private
placement of up to 15,000,000 units at $0.05 per unit to raise gross proceeds of up to
$750,000 (the "Offering"). Each
unit will be comprised of one common share and one common share
purchase warrant. Each two common share purchase warrants
will entitle the holder to purchase one common share at
$0.10 per share with an expiry date
of two years from the closing of the private placement. A
finders' fee commensurate with TSX.V policies will be paid where
applicable.
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"
About Westminster:
Managed by an experienced exploration team, Westminster is focused on exploring and
developing prospects on a land package of approximately 53,613
hectares of contiguous mineral concessions in Sonora, Mexico. These concessions
constitute a mineral district scale property serviced by roads,
power and water.
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.