Winrock Resources Inc. Closes Financing
06.02.2014 | Newsfile
Vancouver, British Columbia -- (Newsfile Corp. - February 6, 2014) - Winrock Resources Inc. (CSE: WR) is pleased to announce that it has closed its previously announced non-brokered private placement (the offering). Unit is comprised of one common share ("Common Share") in the capital of the Issuer and one-half of one common share purchase warrant ("Warrant") where each whole Warrant entitles the holder to purchase one additional common share ("Warrant Share") at an exercise price of $0.10 per Warrant Share until 4:00 p.m. (Vancouver time) on the first business day after the date that is one year from the closing date of the offering of the Units subject to accelerated expiry where if at any time after the closing date of the offering of the Units the closing sales price of the Common Shares (or the closing bid, if no sales were reported on a trading day) as quoted on the Canadian Securities Exchange (or such other stock exchange, quotation system or market on which the Common Shares are listed and where a majority of the trading volume of the Common Shares occurs) is $0.20 or higher for a period of 10 consecutive trading days, then the Company may, within five days of such event, provide notice by way of press release to the holder of the Warrants of the early expiry of the Warrants, and thereafter the Warrants shall expire on that date that is 30 days from the date that such notice is given.About Winrock Resources Inc.
Winrock holds a 100% interest in Newnote Networks Inc., a software and service company specializing in the development and acquisition of products and services specific to Bitcoin and other related crypto-currencies. Winrock holds a 100% interest in the Horsefly Property which consists of 21 copper, zinc, silver and gold mineral claims near the town of Kitimat, British Columbia. Winrock has a total of 12,004,000 common shares issued and outstanding. For additional information, please visit www.winrockresources.com - www.newnote.com.
Company Contact Information
Paul Dickson, President, CEO & Director
Winrock Resources Inc. / Newnote Networks Inc.
CSE: WR
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
direct: 604-800-6749
fax: 604-685-3833
web: www.winrockresources.com / www.newnote.com
Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.