International Wayside Gold Mines Ltd.
TSX VENTURE : WGM
FRANKFURT : IWUA

International Wayside Gold Mines Ltd.

January 30, 2008 15:13 ET

International Wayside Gold Mines Ltd.: Non-Brokered Private Placement Announced

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - International Wayside Gold Mines Ltd. (the "Company") (TSX VENTURE:WGM)(FRANKFURT:IWUA) announces that it has arranged a non-brokered private placement of up to 10,000,000 units (the "Units") at an offering price of $0.10 per Unit. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant with each whole warrant entitling the holder to purchase one common share at a price of $0.185 per share for a period of two years. A 6% cash finder's fee may be paid in connection with this private placement offering. The preceding is subject to regulatory acceptance.

The net proceeds of from this private placement offering are intended for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS

J. Frank Callaghan, President and CEO

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • International Wayside Gold Mines Ltd.
    J. Frank Callaghan
    President and CEO
    (604) 669-6463 or Toll Free: 1-800-663-9688
    (604) 669-3041 (FAX)
    Website: www.wayside-gold.com