April 20 (Reuters) - GWR Group Ltd GWR.AX :
* GWR TO DEMERGE AND IPO WILUNA WEST GOLD PROJECT
* DEMERGER TO CREATE NEW ASX LISTED GOLD FOCUSSED WESTERN GOLD RESOURCES,
* PROPOSES TO IN-SPECIE DISTRIBUTE 36.1 MILLION WESTERN GOLD RESOURCES SHARES TO ELIGIBLE GWR SHAREHOLDERS