Winston Postpones Acquisition Payments
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Toronto, Ontario CANADA, January 24, 2013 /FSC/ - Winston Resources Inc. (WRW - CNSX)("Winston") announces that its subsidiary CNRP Mining Inc ("CNRP") has agreed with Castle Resources Inc (TSXV:CRI) ("Castle") and Stratabound Minerals Corp (TSXV:SB) ("Stratabound") to postpone the partial payments of $250,000 to Castle and $100,000 to Stratabound that are due on the acquisition by CNRP of 100% of the Elmtree Gold project. The payments are now due be made on June 22, 2013. As a result of the payment extensions, interest payments of $12,500 will be paid to Castle and $5,000 will be paid to Stratabound.
Separately, Winston has also agreed with Largo Resources Ltd (TSXV: LGO) ("Largo) to postpone the final payment of $30,000 due on the acquisition by Winston of the Etamame Airborne Survey. Payment is now due to be made on June 28, 2013, together with an interest payment of $1,500.
About Winston Resources
Winston is a Toronto based mineral company primarily focused on developing its 100% owned Elmtree Gold Project in New Brunswick, Canada, as well as the acquisition and development of other Canadian natural resource properties. Winston also owns a majority interest in Hadley Mining Inc. (CNSX: HM) and Zara Resources Inc. (CNSX: ZRI).
For more information, please see www.WinstonResourcesInc.com or contact Danny Wettreich at (416) 628 9879 or dw@WinstonResourcesInc.com.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Winston Resources Inc. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CNSX has not reviewed, approved or disapproved the content of this press release
WINSTON RESOURCES INC.
208 Queens Quay West,
Suite 2506,
Toronto, Ontario, M5J 2Y5
Phone: (416) 628 9879
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Source: Winston Resources Inc. (CNSX - WRW) http://www.winstonresourcesinc.com
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