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CALGARY, ALBERTA--(Marketwire - Dec. 14, 2011) - PetroWorth Resources Inc. (CNSX:PTW) (FRANKFURT:T3F) announced today that it has closed a $100,000 private placement financing, consisting of 2,000,000 Units. Each unit is comprised of one Common Share at $0.05 per share and one-half share purchase Warrant entitling the holder to purchase one Common Share for the exercise price of $0.10 per share at any time during a period of 18 months from closing date of the private placement. In addition, the Corporation issued 120,000 shares and 100,000 warrants to a broker as a commission for the sale. The terms of the broker warrants are same as the Unit warrants. |
