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Conway Resources Negotiates a $200,000 Private Placement QUEBEC CITY, QUEBEC--(MARKET WIRE)--Feb 13, 2008 -- Conway Resources Inc. (CDNX:CWY.V - News) announces that it is
negotiating a private placement for a maximum of $200,000
for which it will issue 1,666,666 common shares at $0.12
per share and 1,666,666 warrants. Each warrant will entitle
its holder to subscribe for one additional common share
of the Company at a price of $0.25 for a 24-month period
following the closing date of the private placement. The private placement is subject to approval from the TSX Venture Exchange. About Conway Resources Conway Resources (CDNX:CWY.V - News) specializes in the acquisition, exploration and development of mining properties. The Company is primarily focused on precious metals, and presently owns four properties in Quebec, Canada, in the vicinity of the Belleterre mine (total production of 2.18 Mt at 9.95 g/t Au for nearly 800,000 ounces of gold from 1936 to 1959) and the old Lorraine Cu-Ni mine. For more information, visit the Company's website at www.ressources-conway.com.
Contact: Contacts:
Conway Resources Inc.
Laurent Beaudoin
President and CEO
418-871-3334
conway@ressources-conway.com
SOLAK Communications
Francois Kalos
450-993-0828
kalos@solak.ca
Source: Conway Resources Inc.
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