Winston Announces Warrant Exercise
Toronto, Ontario--(Newsfile Corp. - January 1, 2014) - Winston Resources Inc. (CNSX: WRW) ("Winston" or the “Company”) announces that Mark Wettreich, a director of the Company, has exercised warrants he owns and has purchased 1,440,000 common shares of Winston at a price of $0.05 per share, for gross proceeds of $72,000. Mark Wettreich directly and indirectly beneficially now owns 2,880,000 common shares of Winston, representing 45.1% of the Company. There are now 6,383,995 common shares of Winston issued and outstanding.
About Winston Resources
Winston is a Toronto based mineral company whose majority owned subsidiary CNRP Mining Inc (CNSX: CND) owns 100% of the Elmtree Gold Project in New Brunswick, Canada. Winston also owns an investment portfolio of publicly listed mineral stocks.
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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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