Winston Not to Proceed with Rights Offering
Toronto, Ontario--(Newsfile Corp. - September 13, 2013) - Winston Resources Inc. (CNSX: WRW) ("Winston" or "the Company") announces that the Company will not proceed with the rights offering announced on May 28, 2013. The Company will seek to raise additional working capital by way of private placement and/or borrowing.
About Winston Resources
Winston is a Toronto based mineral company whose 85% subsidiary CNRP Mining Inc (CNSX:CND) is developing its 100% owned Elmtree Gold Project in New Brunswick, Canada. Winston also has an investment portfolio of publicly listed mineral stocks.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Winston Resources Inc. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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