MountainWest Resources Inc. C.MWR

Private Placement

[Kitman60]

Private placements are now creating significantly less share dilution at the current share price than a couple of months ago.  That should be a continuing trend IMO........especially since the funds will be used in part for Chilean property acquisitions.  I think this a very encouraging sign for MWR shareholders.

Mountain-West Resources Inc
Symbol	C : MWR
Shares Issued	44,426,974
Close 2011-01-12	C$ 0.65
Recent Sedar Documents

Mountain-West arranges $660,000 private placement

2011-01-12 19:10 ET - News Release

Mr. Brent Johnson reports

PRIVATE PLACEMENT FINANCING

Mountain-West Resources Inc. has arranged a non-brokered private placement financing to raise approximately $660,000.

The company is selling a total of approximately 1,015,400 units at a price of 65 cents per unit. Each unit comprises one share and one share purchase warrant, with each warrant having a term of two years, exercisable during the first year at 70 cents and during the second year at $1.00.

No finder's fee will be paid on the private placement.

The company will use these funds for property acquisitions in Chile and Alaska, and also for general corporate purposes.

All securities issued under the private placement will be subject to a four-month hold period.

The private placement is subject to the approval of the TSX Venture Exchange.