World Oil Resources Ltd. (ASX:WLR) announced a private placement of 90,000,000 shares of common stock at AUD 0.006 per shares for gross proceeds of AUD 540,000 on November 18, 2013. The round will include participation from professional and sophisticated investors.

On the same day, the company issued 85,000,000 shares for gross proceeds of AUD 510,000. For the remaining 5,000,000 shares, the company required shareholder's approval.