GWR Closes Private Placement and Updates Acquisition

GWR Resources Inc. announce that it has closed its hard dollar private placement for gross proceeds of $331,113 and has issued 2,207,422 units at a price of $0.15 per unit. Each unit consists of one common share plus one warrant. The applicable hold periods expire at midnight on January 3, 2010. The proceeds of this private placement were largely raised for the Company’s 2009 drill program on... 

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GWR To Acquire Operating Oil and Gas Assets

GWR Resources Inc. announces that it has entered into a Letter of Intent with Deep Creek Oil & Gas Inc. in order to acquire 100% of Deep Creek through an all share transaction. Aside from legal fees, this acquisition will not require any cash outlays by GWR. The purpose of this acquisition is to provide GWR with long term positive monthly cash flow, which can be utilized by GWR in the best manner... 

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