VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2012) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Woodrose Corporation (TSX VENTURE:WRS.H) (the "Company") announces its intention to carry out a non-brokered private placement of up to 10,000,000 common shares at a price of C$0.05 per common share for gross proceeds to the Company of up to C$500,000 (the "Offering").
The proceeds of the Offering will be used by the Company for working capital purposes.
All securities issued under the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
Closing of this Offering is subject to the receipt of all necessary regulatory approvals including that of the TSX Venture Exchange.
ON BEHALF OF WOODROSE CORPORATION
Darren Devine, Chief Executive Officer
This press release includes "forward-looking information" including statements regarding the Offering that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking information. Such forward-looking information represents management's best judgment based on information currently available. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.