Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

November 09, 2005 15:29 ET

Western Troy Capital Resources Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Nov. 9, 2005) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY) (the "Company") is pleased to announce the intended private placement of 500,000 units of the Company at $0.23 per unit. Each unit consists of one common share and one common share purchase warrant (a "warrant") of the Company. Each warrant entitles the holder to acquire, at any time within 24 months of closing, one common share in the capital of the Company at an exercise price of $0.30 per share.

The private placement is being subscribed by Stanley Mourin, or his wholly owned holding company, Mourin Investment Corporation, insiders to the Company. The private placement is subject to board of director approval.

All the securities issued in connection with the private placement will bear a resale restriction preventing such securities from being resold for four months from closing.

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

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

Contact Information

  • Western Troy Capital Resources Inc.
    Wayne Holmstead
    (416) 361-0737
    (416) 361-0923 (FAX)