Westminster announces unit private placement
VANCOUVER, - May 31, 2010 (CRWE NEWSWIRE) - Westminster Resources Ltd. (the “Company”) (TSX-V: WMR - News), announces a non-brokered private placement of up to 7,500,000 units at $0.20 per unit to raise gross proceeds of up to $1,500,000 (the “Offering”). Each unit will be comprised of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder to purchase one common share at $0.35 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, including core drilling, on the Company’s projects in Sonora, Mexico and for general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
“Glen J. Indra”
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.
Neither 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.
For further information
regarding Westminster Resources Ltd.,
please contact Leif Smither
at (604) 608-0400,
Toll Free: 1-877-608-0007
or visit our website at www.westminsterres.com
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