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Gowest Amends Terms of Previously Announced Private Placement |
August 03, 2011
TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA)(OTCBB:GWSAF) announces that it has revised the terms of its previously announced private placement, as set out in the Company's press release of July 19, 2011. The Company now intends to offer for sale on a private placement basis (the "Offering"): (i) 7,017,600 flow-through common shares of the Company, at a price of $0.285 per share, for aggregate gross proceeds of 2,000,016; and (ii) 4,800,000 units ("Units") of the Company, at a price of $0.25 per Unit, for aggregate gross proceeds of 1,200,000. Each Unit will be comprised of one common share and one-half of one common share purchase warrant of the Company, with each whole common share purchase warrant being exercisable to acquire one additional common share of the Company at a price of $0.35 for a period of 24 months following the closing date of the Offering. Salman Partners Inc. (the "Agent") is acting as agent in connection with the Offering.
http://www.marketwire.com/mw/release.do?id=1545768&sourceType=3
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