Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

December 14, 2006 03:05 ET

Consolidated Gold Win Ventures Inc.: One Million Dollar Financing by CGW President

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 14, 2006) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW)(PINK SHEETS:CGWVF)(FWB:OUH) reports Souhail 'Abby' Abi-Farrage, President and CEO of the Company, has now confirmed his intention to enter into a Private Placement Subscription Agreement with the Company (the "Agreement") where under he will use commercially reasonable efforts to subscribe for a placement of common shares of the Company for an aggregate C$1,000,000. Under the Agreement, Mr. Farrage has agreed to subscribe to eight (8) bimonthly tranches of C$125,000 each, commencing December 15th, 2006.

Mr. Farrage stated, "I plan this ongoing market-priced investment in Consolidated Gold Win Ventures to ensure the company remains adequately financed while pursuing its drilling and exploration programs for gold, copper and other minerals on its Dolly Varden property in Elko County, Nevada and CGW's other properties."

The pricing of each bimonthly tranche will be based on the weighted average trading price of the Company's common shares for the last five consecutive trading days of before the 15th day of the month of that period.

An equivalent number of warrants, priced at a 10% premium to the market will be issued at the same time. The placement common shares and warrants will be subject to certain mandated hold periods and resale restrictions and the certificates representing such Shares will be legended accordingly.

Each of these bimonthly tranches will be subject to regulatory approval.

About Consolidated Gold Win Ventures

CGW is a progressive and rapidly advancing junior exploration company with interests in Nevada - South Dolly Varden Gold Copper claims, British Columbia - Yeti Gold claims, North West Territories - Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.

We seek safe Harbor

Contact Information

  • Consolidated Gold Win Ventures Inc.
    Shareholder Relations
    (778) 994-6453
    Consolidated Gold Win Ventures Inc.
    Abby Farrage
    (604) 671-4718
    Consolidated Gold Win Ventures Inc.
    Souhail 'Abby' Abi-Farrage
    President and Director
    (604) 671-4718