Africa West Minerals Corp. (the "Company") announces that, further to its news release of November 10, 2008, it has closed a non-brokered private placement of 3,300,000 units (the "Units") at a price of $0.05 per Unit for aggregate proceeds of up to $165,000. Each Unit consists of one common share of the Company and one-half of one non-transferable share purchase warrant, each whole warrant entitling the holder to purchase an additional common share at a price of $0.10 per share until November 24, 2009, subject to accelerated expiry in certain circumstances.
Shares acquired by the placees, and shares which may be acquired upon the exercise of the share purchase warrants, are subject to a hold period until March 25, 2009, in accordance with applicable securities legislation. The proceeds of the private placement will be used to advance the Company's mineral exploration projects.
For further information please contact: James Gillis, President
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