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Golden Hill Ventures LP
In 2005, World Wide formed a limited partnership to engage
initially in mineral commodity trading. A subsidiary of the
Company was originally the general partner. The partnership
purchased physical gold and entered into offsetting sales
contracts. This enabled the Company to generate badly needed
cash flow which provided World Wide with a platform from which
to pursue recovery of its investment in the uranium industry in
Kazakhstan and compensation for the confiscation of that
investment. In 2006, the partnership expanded by acquiring for
equity a road and mine construction business. As part of this
acquisition the new partner assumed the role of general partner
and the partnership changed its name to the current one.
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Capitalization: World Wide currently has
95,246,499 common shares outstanding. The Company has granted 8,000,000
incentive stock options. If fully-exercised this would result in
fully-diluted common shares outstanding of 103,246,499.
The common shares of
World Wide are eligible to trade in the over-the-counter market. The
shares were listed on the Toronto Stock Exchange (TSX) until August 2000
at which time they were de-listed for failure to meet the continuing
listing requirements of the TSX at that time. It is the intention of
World Wide to obtain a new listing or quotation of its common shares as
soon as practicable. |
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New Activities |
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The Company is looking at additional new investments in the
minerals field, including acquisition and development of mineral
exploration properties, mining operations and related assets. |
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Reorganization and Stock Listing |
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While the Company primarily concentrates on the Kazakhstan
investment recovery, it also has been pursuing a corporate
restructuring with a view to a re-listing of its shares on an
appropriate stock exchange or other trading platform so as to
provide liquidity to its shareholders. Efforts are being made
to re-position the Company as a mineral exploration, development
and operating company so as to benefit from what appears to be a
recovery in commodity prices and an improving investment
attitude toward the metals and minerals sector. This effort may
take the form of a spin-off to the Company’s shareholders pro
rata of the shares of its present wholly-owned subsidiary, World
Wide Energy Corporation (formerly WWM Mining Corporation), which
has been considering entering the uranium industry in North
America. |
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For further
information please contact:
Paul A. Carroll, President and CEO
211 Queen’s Quay Blvd., West, Suite 917
Toronto, Ontario, Canada, M5J 2M6
Telephone: 416 369 7217
paul.carroll@worldwideminerals.com
info@worldwideminerals.com
Lina Noble, Vice-President Finance and
Corporate Secretary
info@worldwideminerals.com |
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