Consolidated Westview Resource Corp.
NEX BOARD : CWS.H

December 21, 2007 12:58 ET

Consolidated Westview Resource Corp.: Announces Closing of Capital Reorganization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Consolidated Westview Resource Corporation ("Westview") (NEX:CWS.H) announces that is has closed the transactions (the "Transactions") with EastWest Gold ("EastWest") and Mark Wayne of Calgary, Alberta, as disclosed in a press release dated November 16, 2007.

Westview is also pleased to announce that it has closed a non-brokered private placement raising aggregate gross proceeds of $300,000 by the issuance of 1,200,000 units at $.25 per unit, each unit consisting of one Westview common share and a half warrant. Each whole warrant entitles the holder to purchase one Westview common share at $.40 for a period of one year from December 14, 2007.

All securities issued from treasury pursuant to the transactions are subject to a four-month hold period from the date of closing.

National Instrument 62-103 Early Warning Information

Pursuant to the Transactions, Mr. Wayne now owns, directly or indirectly, an aggregate of 7,818,357 Westview common shares representing approximately 50.8% of the Westview common shares.

Mr. Wayne has acquired Westview common shares for investment purposes. Mr. Wayne may, in the future, take such actions in respect of its shareholdings in Westview as he may deem appropriate in light of the circumstances then existing, including the purchase of additional shares or other securities of Westview through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.

On Behalf of Consolidated Westview Resource Corporation

Mark Wayne, Director (403) 705-4968

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Consolidated Westview Resource Corporation
    Mark Wayne
    Director
    (403) 705-4968