Walker River insiders sell 1.31 million shares

Jul 15, 2013

Mr. Michel David reports

WALKER RIVER DIRECTORS PARTICIPATE IN GYPSY SWAP

Certain directors and insiders of Walker River Resources Corp. have sold an aggregate of 1,313,500 common shares on July 12, 2013, from their holdings through the facilities of the TSX Venture Exchange.

The net proceeds from the sale of these shares will be used to purchase units in a non-brokered private placement consisting of 10 million non-flow-through units (NFT units) at a price of five cents per NFT unit and five million flow-through units (FT units) at a price of six cents per FT unit. Each NFT unit consists of one non-flow-through common share and one warrant. Each warrant entitles the holder to acquire one common share of the company at a price of 7.5 cents for a period of 60 months following the date of issuance. Each FT unit consists of one flow-through common share and one non-flow-through share purchase warrant. Each warrant entitles the holder to acquire one common share of the company at a price of 10 cents for a period of 60 months following the date of issuance.

The company will also pay a finder’s fee in accordance with the policies of the TSX Venture Exchange.

Proceeds of the private placement will be used for work on the company’s mineral properties and for general working capital.

The private placement is subject to regulatory approval.

http://www.wrrgold.com/