Africa West Minerals Corp. (the "Company") is pleased to announce that further to its news release of November 10, 2008, the TSX Venture Exchange has approved a Mining Option Agreement (the "Agreement") between the Company and Cassidy Gold Corp. ("Cassidy") made as of November 5, 2008 pursuant to which Cassidy has an option to acquire a 60% interest in the Company's mining concession in Liberia, Africa.
As part of the consideration payable pursuant to the Agreement, Cassidy has subscribed for, and the Company has issued, 1,000,000 Common Shares of the Company at a per share price of $0.10 to Cassidy as of the date hereof. The Common Shares acquired by Cassidy are subject to a hold period until April 23, 2009, in accordance with applicable securities legislation. The proceeds received from Cassidy will be used to advance the Company's mineral exploration projects.
For further information please contact: James Gillis, President
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