Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

January 10, 2005 13:00 ET

Western Troy Capital Resources Inc.: Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WESTERN TROY CAPITAL RESOURCES INC.

TSX VENTURE SYMBOL: WRY

JANUARY 10, 2005 - 13:00 ET

Western Troy Capital Resources Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2005) - Western Troy Capital
Resources Inc. (TSX VENTURE:WRY) (the "Company") is pleased to announce
the closing of non-brokered private placements raising $375,500 through
the issue of 640,000 flow-through units ("Flow-Through Units") priced at
$0.45 each, and 250,000 non-flow-through units ("Units") priced at $0.35
each, on December 13, 2004. Each Flow-Through Unit consists of one
flow-through common share and one-half of a common share purchase
warrant (a "Warrant"). Each Unit consists of one common share and one
Warrant. Each whole Warrant entitles the holder to acquire, at any time
on or before 18 months from issue, one common share in the capital of
the Company at an exercise price of $0.60 per share.

All the securities issued in connection with the private placement today
bear a resale restriction preventing such securities from being resold
on or prior to April 14, 2005.

The Company is a natural resource company whose principal business is
the acquisition, exploration and development of natural resource
properties of merit.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Western Troy Capital Resources Inc.
    Wayne Holmstead
    President
    (416) 361-0737
    (416) 361-0923 (FAX)
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.