Toronto, Ontario--(Newsfile Corp. - November 4, 2013) - Winston Resources Inc.
(CNSX: WRW) ("Winston" or the "Company") announces that it intends to complete a
non-brokered private placement (the "Private Placement") with Mark Wettreich, a
director of the Company, of 1,440,000 units (each a "Unit") of Winston at a
price of $0.05 per Unit, for gross proceeds of $72,000. Each Unit consists of
one common share in the capital of Winston and one common share purchase
warrant. Each common share purchase warrant entitles the holder to acquire one
additional common share in the capital of Winston at an exercise price of $0.05,
for 36 months after closing. The securities will be issued pursuant to
appropriate exemptions under the United States Securities Act of 1933, as
amended, and will be subject to a hold period in Canada of four months and a
day. The proceeds of the Private Placement will be used for working capital
purposes.
About Winston Resources
Winston is a Toronto based mineral company whose majority owned
subsidiary CNRP Mining Inc (CNSX: CND) owns 100% of the Elmtree Gold Project in
New Brunswick, Canada. Winston also owns an investment portfolio of publicly
listed mineral stocks.
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
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