GWR Resources nixes plans for C$3 million private placement of units

Company was going to sell flow-through units to finance exploration

By Devika Patel

Knoxville, Tenn., March 22 - GWR Resources Inc. said it will not proceed with a C$3 million private placement of units it priced on March 22.

The company had planned to sell units of one flow-through common share and a half-share warrant at C$0.45 apiece to fund exploration on its Lac La Hache property in British Columbia and its Saint Sabine property in Quebec.

GWR is a resource exploration company based in Armstrong, B.C.

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