Jul. 21, 2010 (TheNewswire.ca) --
Windstorm Resources Inc. (the "Company") is pleased to announce that it has today completed its Initial Public Offering of 3,500,000 common shares at a price of $0.20 per common share (the "IPO") for gross proceeds of $700,000. Jordan Capital Markets Inc. (the "Agent") has been paid a cash commission equal to 8% of the proceeds from the sale of common shares pursuant to the IPO and a corporate finance fee equal to $30,000, plus applicable taxes. Additionally, the Company has granted agents' warrants to the Agent and members of its selling group entitling them to purchase up to 280,000 common shares at an exercise price of $0.20 per common share, exercisable on or before July 21, 2012. The Company currently has 7,150,000 common shares issued and outstanding.
The Company also announces that it has received approval of its application to list its common shares on the TSX Venture Exchange ("TSX-V"). The Company's common shares will commence trading on the TSX-V on Monday, July 26, 2010 under the trading symbol "WSR".
About the Company
The Company is engaged in the business of mineral exploration in the Province of British Columbia. Its objective is to locate and develop economic precious and base metals properties of merit and to conduct its exploration program on the Kalum Property.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "Nikolaos Cacos"
Nikolaos Cacos,
Director
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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