WMR-TSX.V
WMRSF-OTCQX
VANCOUVER, Oct. 26, 2012 /CNW/ - Westminster Resources Ltd.
("WMR" or "the Company") announces that it has negotiated a
non-brokered private placement of 10,000,000 shares at $0.10 per share for gross proceeds of
$1,000,000 with Capstone Mining
Corp.
The funds will be used by the Company for
working capital purposes.
Westminster and
Capstone Mining Corp. are continuing to explore the Cumbral-San
Bartolo property whereby Capstone has the right under an Option
Agreement to earn a 70% interest by funding a minimum of
$9.3 million CDN in exploration by
December 31, 2015 (WMR 12-02,
April 17, 2012).
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
"Glen J. Indra"
About Westminster:
Managed by an experienced exploration team the
Company is focused on exploring and developing prospects on its
28,644 hectare El Cobre and 13,398 hectare Navojoa properties in Sonora, Mexico. The El Cobre property contains
among other prospects, the 100% owned Guayacan prospect and the 8,000 hectare
Cumbral-San Bartolo option project with Capstone Mining Corp. On
the Navojoa property the Company
is exploring gold-silver-copper targets.
This news release may contain forward-looking
information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward
looking information in this news release may include, but is not
limited to, the Company's objectives, goals or future plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law. The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Westminster Resources Ltd.