Dear Subscriber to Gold World Resources news,
Attached please find our Press Release of September 15, 2011.
Please do not
hesitate to contact us if you would like to have more information.
Best regards,
Roswitha
Tel.: 416.594.9888
Press Release
Gold World Resources CEO shares for debt approved
TORONTO, September 15, 2011 Gold World Resources Inc.
(TSXV:GDW) or ("the
"Company") is pleased to announce that the TSX Venture Exchange (the
"Exchange") has accepted the shares for debt filing (see press release May
31, 2011) as approved by shareholders at the Annual and Special Meeting held
June 27, 2011.
As indicated in the 2011 Management Information Circular, the shares for
debt filing is to convert a total amount of $262,000 owed by the Company to
Mr.
Hermann Derbuch, Chief Executive Officer, for unpaid salaries during the
period of 2008 to 2010.
The annual salary paid and payable during this time
period is summarized in the following table:
Year
Salary Paid
Salary Payable
Annual Salary
2008
$12,750
$137,250
$150,000
2009
$81,250
$68,750
$150,000
2010
$94,000
$56,000
$150,000
A total of 5,240,000 common shares will be issued to Mr.
Derbuch in
settlement of the salaries payable from 2008 to 2010.
There is a
restriction on trading the settlement for a period of four months and one
day from the date of issue.
About the Company:
The Company is a precious- and base-metals exploration company focusing on
the Mount Anderson Yukon gold/silver, polymetallic Project.
ON BEHALF OF THE BOARD
"Hermann Derbuch",
For further information please contact:
Chairman & CEO
Hermann Derbuch, P.Eng.
Gold World Resources Inc.
Tel.: 416.594.9888 Fax: 416.594.1967
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Securities Act
(Alberta), including statements concerning Gold World Resources plans for
the Property, which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
Gold World Resources, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
information.
Such information contained herein represents managements best
judgment as of the date hereof based on information currently available.
The
TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.