Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

January 04, 2005 13:14 ET

Western Troy Capital Resources Inc. Announces Closing of Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WESTERN TROY CAPITAL RESOURCES INC.

TSX VENTURE SYMBOL: WRY

JANUARY 4, 2005 - 13:14 ET

Western Troy Capital Resources Inc. Announces Closing
of Financing

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2005) - Western Troy Capital
Resources Inc. (TSX VENTURE:WRY)(the "Corporation"). The Corporation
announces that it has reduced the previously announced minimum offering
and completed a private placement with the sale of 793,991 units for
gross proceeds of $357,295. Each unit consisted of one common share in
the share capital of the Corporation and one half of one transferable
common share purchase warrant. Each whole warrant entitles the holder
thereof to acquire one additional common share at a price of $0.60 per
common share for a period of one year from the date of issuance of such
warrant.

The securities sold pursuant to the private placement are subject to
statutory resale restrictions for a period of 4 months from the date of
issuance (until May 1, 2005).

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Western Troy Capital Resources Inc.
    Stanley Mourin
    Chairman
    (416) 922-5111
    (416) 922-6290 (FAX)
    smourin@fundamentalcapitalcorp.com
    or
    Western Troy Capital Resources Inc.
    Wayne Holmstead
    President and C.E.O.
    (613) 389-8950 or Bus. (613) 634-1705
    wholmstead@cogeco.ca
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.