Post by Franko10 ™ on Sept 20, 2004 14:21:56 GMT -5
Great Western Gold Corp.
Suite 303, 416 21st Street East
Saskatoon, SK S7K 0C2
CDNX: GWG
CUSIP: 39144H107
December 29, 2000
Third Tranche Of Private Placement Closes
The Company is pleased to announce that it has closed the third tranche of the non-brokered private placement originally announced July 12, 2000. Seven placees subscribed for thirty-nine units at $4,500 per unit representing 936,000 Flow-through Common Shares, 234,000 Common Shares and 585,000 non-transferable Common Share Purchase Warrants. Sale of the shares, including the shares issuable upon exercise of the warrants, is restricted until April 29, 2001. To date, including closings on October 5 and December 18, 2000, forty placees have subscribed for eighty-seven units representing 2,088,000 Flow-through Common Shares, 522,000 Common Shares and 1,305,000 non-transferable Common Share Purchase Warrants. There is a four-month hold period on trading the shares, including the shares issuable upon exercise of the warrants, from the date of each closing.
The proceeds will be used to explore the Company’s diamond properties at Candle Lake, Saskatchewan and the Company’s rare earth project at Hoidas Lake, Saskatchewan and for working capital purposes.
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Great Western Gold Corp. is a Saskatchewan-based corporation engaged in the acquisition, exploration and development of unique and strategic mineral properties including diamonds and rare earth elements. Shares of the Company trade on the Canadian Venture Exchange under the symbol GWG.
For further information, please call Gary Billingsley at 1 306 664 0028.
GREAT WESTERN GOLD CORP.
Gary Billingsley
President
The Canadian Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
© 2004 Great Western Minerals Group Ltd.
Suite 303, 416 21st Street East
Saskatoon, SK S7K 0C2
CDNX: GWG
CUSIP: 39144H107
December 29, 2000
Third Tranche Of Private Placement Closes
The Company is pleased to announce that it has closed the third tranche of the non-brokered private placement originally announced July 12, 2000. Seven placees subscribed for thirty-nine units at $4,500 per unit representing 936,000 Flow-through Common Shares, 234,000 Common Shares and 585,000 non-transferable Common Share Purchase Warrants. Sale of the shares, including the shares issuable upon exercise of the warrants, is restricted until April 29, 2001. To date, including closings on October 5 and December 18, 2000, forty placees have subscribed for eighty-seven units representing 2,088,000 Flow-through Common Shares, 522,000 Common Shares and 1,305,000 non-transferable Common Share Purchase Warrants. There is a four-month hold period on trading the shares, including the shares issuable upon exercise of the warrants, from the date of each closing.
The proceeds will be used to explore the Company’s diamond properties at Candle Lake, Saskatchewan and the Company’s rare earth project at Hoidas Lake, Saskatchewan and for working capital purposes.
--------------------------------------------------------------------------------
Great Western Gold Corp. is a Saskatchewan-based corporation engaged in the acquisition, exploration and development of unique and strategic mineral properties including diamonds and rare earth elements. Shares of the Company trade on the Canadian Venture Exchange under the symbol GWG.
For further information, please call Gary Billingsley at 1 306 664 0028.
GREAT WESTERN GOLD CORP.
Gary Billingsley
President
The Canadian Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
© 2004 Great Western Minerals Group Ltd.