Toronto, Ontario--(Newsfile Corp. - October 9, 2014) - Winston Resources Inc
(CSE: WRW) ("Winston") announces that it will effect a debt conversion (the
"Debt Conversion") of $173,917 owing to Sammiri Capital Inc a private company
owned by Danny Wettreich a director and CEO of Winston. The Debt Conversion will
comprise Units of Winston, each Unit comprising of one common share at $0.05 per
share and one warrant exercisable at $0.05 per share (the "Debt Conversion").
The Debt Conversion will result in the issuance of 3,478,340 common shares,
representing 35.27% of the increased share capital of Winston, and 3,478,000
warrants representing 96.5% of the increased and outstanding warrants. No
commission is payable in relation to the Debt Conversion. The total amount of
Winston shares issued and outstanding is now 9,862,335.
About Winston Resources
Winston is a Toronto based mineral company which owns 85% of
CNRP Mining Inc (CSE:CND) which is developing its 100% owned Elmtree Gold
Project in New Brunswick, Canada. Winston also owns significant equity interests
in Zara Resources Inc (CSE: ZRI), Hadley Mining Inc (CSE:HM), and Leo Resources
Inc (CSE:LEO).
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 CSE has not reviewed, approved or disapproved the content
of this press release
This news release is not for distribution or dissemination in
the United States of America
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