Walker Closes Non-Brokered Private Placement
WALKER RIVER RESOURCES CORP.
SUITE 200 – 551 HOWE STREET VANCOUVER, BRITISH COLUMBIA, V6C 2C2 Telephone: (819) 874-0030 Facsimile: (604) 683-8605
Trading Symbol: WRR
NEWS RELEASE
WALKER CLOSES NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. August 23, 2013- Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: “WRR”) announces it has closed its non-brokered private placement financing previously announced on July 12, 2013, including both the flow-through and hard-dollar portion of the financing for gross proceeds of $800,000.00.
The non-brokered private placement consisted of the issuance of 10 million non-flow-through units (the "NFT Units") at a price of $0.05 per NFT Unit and 5 million flow-through units (the "FT Units") at a price of $0.06 per FT Unit. Each NFT Unit consists of one non flow-through common share and one Warrant. Each Warrant entitles the holder to acquire one common share of the Company at a price of $0.10 for a period of 60 months following the date of issuance. Each FT Unit consists of one flowthrough common share and one non flow-through share purchase warrant. Each Warrant entitles the holder to acquire one common share of the Company at a price of $0.10 for a period of 60 months following the date of issuance.
The Company has paid $ 43,340.00 cash in commissions on the private placement, along with 777,333 non-transferable finder’s warrants, each entitling its holder to acquire one common share at $0.10 for a 60-month period after closing of the private placement.
All securities issued above are subject to a hold period expiring on December 23, 2013, being four months and one day after closing of the private placement. Proceeds of the Private Placement will be used for work on the Company's mineral properties and for general working capital.
The Private Placement is subject to TSX Venture Exchange final acceptance.
ON BEHALF OF THE BOARD OF DIRECTORS
s/“Michel David”
____________________________________ Michel David, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT: Walker River Resources Corp.
(TEL)- (819) 874-0030, (FAX)-(604) 683-8605 Email: [email protected] Website: www.wrrgold.com
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