Gowest News
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: GOWEST AMALGAMATED RESOURCES LTD.
TSX VENTURE SYMBOL: GWA
MARCH 10, 2004 - 09:08 ET
Gowest Amalgamated Resources Ltd. Completes $200,000
Private Placement Financing
TORONTO, ONTARIO--Gowest Amalgamated Resources Ltd. ("Gowest") is
pleased to announce that it has completed a non-brokered private
placement whereby it issued 1,000,000 units (the "Units") at
$0.20 each, for total gross proceeds of $200,000. Each Unit is
comprised of one flow-through common share of Gowest and one
common share purchase warrant (the "Warrant"). Each Warrant
entitles the holder thereof to purchase one common share of
Gowest at an exercise price of $0.30 until March 9, 2006.
The Units are subject to a 12-month hold period, which expires on
March 10, 2005. Gowest will use the proceeds to continue
exploration on its Frankfield Project.
/T/
Ronald J. Bradshaw
President
/T/
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FOR FURTHER INFORMATION PLEASE CONTACT:
Gowest Amalgamated Resources Ltd.
Ronald J. Bradshaw
President
(519) 538-5858
(519) 538-5530 (FAX)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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