QUEBEC,
May 27, 2013 /CNW Telbec/ - Conway
Resources Inc. ("Conway" or the "Company") (TSXV: CWY) is pleased
to announce that it intends to complete a private placement of loan
in the amount of $ 500,000 .This loan
includes a bonus subscription of 10% financing and carry a payable
monthly annual interest rate of 11%. This loan will be secured by
mining concessions CM-315 and CM-395.
The loan net proceeds will be used for working
capital of the Company.
Mr. Laurent
Beaudoin, President and Chief Executive Officer of
Conway, said: "The purpose of this
loan is to stop the dilution of the Company and to continue the
business plan undertaken by the Company. This loan met the
conditions for access to the necessary resources to reach our goal
of becoming a gold producer.
The issuance of this loan is subject to the
approval of the relevant regulatory authorities.
About Conway Resources Inc.
Conway is a mining
exploration corporation that owns four gold properties and one rare
metals property in Quebec. Its
main asset is the Belleterre Mine property. The property is the
site of the old Belleterre mine,
which produced over 800,000 ounces of gold between 1936 and 1959. A
total of 2.18 million tonnes of ore at an average grade of 10.73
g/t Au were extracted from the mine, primarily from vein 12 (95% of
production). Earlier reports indicate the presence of at least 21
veins on the property.
More information can be found on Conway's website at
www.ressources-conway.com.
Forward-Looking Statements
This press release contains certain forward-looking
statements that might involve uncertainty, time frames, and/or
known and unknown risks beyond the Corporation's control. The
Corporation's actual results, performance and achievements may
differ materially from the results, performance and achievements
implied by such forward-looking statements.
Neither the TSX Venture Exchange Inc. nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange Inc.) accepts responsibility
for the adequacy or accuracy of this press release.
SOURCE CONWAY RESOURCES
INC.