Placer_foot

Hey Gang...


GRW - Gravity West Mining - Tsx Venure Exchange is now free trading...


Here's the News that created the HAULT Status on Friday:


...at these levels....you SIMPLY CANNOT GO WRONG!!!!!...my prediction: it'll double in price within the next 2 weeks.


Gravity West Mining Corp
Symbol GRW
Shares Issued 41,191,902
Close 2007-02-02 C$ 0.155
Recent Sedar Documents



Gravity West options 6,620-acre Gin claims property


2007-02-05 05:51 ET - News Release

Mr. Livio Susin reports

GRW ACQUIRES NORTHERN BC PROPERTY

Gravity West Mining Corp. has entered into an option agreement with four people to acquire the 6,620-acre Gin claims property, located in Northern British Columbia, contiguous to the west side of the Red Chris property currently owned by bcMetals.

Gravity West's Stikine Arch position now includes the Gin claims property, and the nearby Mabon and Ealue properties, all of which are prospective for copper/gold porphyry deposits. The company wants to further extend its position in the region and is actively considering other acquisitions.

Livio Susin, president, is quoted as saying: "This new acquisition marks a milestone for the company. We now have two strong property positions -- prospective for uranium in the Sibley basin and prospective for copper/gold in Northern British Columbia. It is our intention to expand on both as suitable opportunities present themselves, to achieve our goal of building shareholder value.

"In the Sibley, our neighbours to the south, Rampart Ventures have just begun a 2,500-metre drilling program. Their results may add insights for neighbouring areas of the basin. In Northern British Columbia, we are now contiguous to the Red Chris, which has measured, indicated and inferred resources of gold and copper as detailed in the most recent prospectus of bcMetals.

"Management is of the opinion that bcMetals' development work on the Red Chris property and the strong competing bids being presented by Imperial Metals and Taseko Mines in their takeover battle for bcMetals suggests that the Red Chris may soon become British Columbia's next mine. With the presence of a mine on the Red Chris, any other resource found in the immediate area would likely become more economically viable. We are extremely excited to acquire a prospective property adjacent to the Red Chris."

To acquire the Gin claims property, the company must make cash payments totalling $125,000 and issue 400,000 shares (in four equal tranches of 100,000 shares over four years).

The cash payments are to made as follows to the owners:


$10,000 upon signing and exchange acceptance of this agreement;
an additional $20,000 on or before Jan. 15, 2008;
an additional $40,000 on or before Jan. 15, 2009; and
an additional $55,000 on or before Jan. 15, 2010.

The properties are subject to a 2-per-cent net smelter royalty of which the company may purchase one-half (being 1 per cent) for $1-million. The option agreement has a term of four years.

Gravity West is also pleased to announce that its most recent private placement announced in Stockwatch in December, 2006, is fully subscribed. Each unit is priced at six cents and comprises one common share and one non-transferable share purchase warrant exercisable for a period of 12 months at an exercise price of 15 cents per share. Proceeds of the private placement will be applied to working capital and exploration costs. The company is in the process of applying for approval of the private placement with the TSX Venture Exchange.

With working capital of more than $1-million after the close of this Private Placement, it is Gravity West's intention to undertake active field exploration programs in both the Sibley basin and Northern British Columbia in summer 2007. Planning work on the scope and details of these programs is now under way.

Acquisition of the Gin claims property and closing of the private placement are both subject to final approval by the TSX Venture Exchange.

We seek Safe Harbor.