Post by Franko10 ™ on Sept 20, 2004 14:28:06 GMT -5
Great Western Gold Corp.
Suite 303, 416 21st Street East
Saskatoon, SK S7K 0C2
CDNX: GWG
CUSIP: 39144H107
April 30, 2001
Financing For Rare Earth Project
Gary Billingsley, President, is pleased to report that the Company is proceeding with a non-brokered private placement for $750,000. The Company will issue 3,000,000 common shares at $0.25 per share and 1,500,000 common share purchase warrants. Each common share purchase warrant plus $0.35 can be exchanged for one common share for a period of two years.
The proceeds will be used to advance the Company’s Hoidas Lake rare earth project by completing metallurgical work and infill drilling on the JAK zone in preparation for reserve and prefeasibility studies. Recent drilling has indicated that Hoidas is a major rare earth discovery with the JAK being only one of at least 15 known rare earth showings on the property.
The Company is earning a 70% interest in the Hoidas Lake project from Daren Industries Ltd. (CDNX:DIL) of Vancouver.
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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, or in the USA, Neil Yingling at 1 702 896 6724
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
April 30, 2001
Financing For Rare Earth Project
Gary Billingsley, President, is pleased to report that the Company is proceeding with a non-brokered private placement for $750,000. The Company will issue 3,000,000 common shares at $0.25 per share and 1,500,000 common share purchase warrants. Each common share purchase warrant plus $0.35 can be exchanged for one common share for a period of two years.
The proceeds will be used to advance the Company’s Hoidas Lake rare earth project by completing metallurgical work and infill drilling on the JAK zone in preparation for reserve and prefeasibility studies. Recent drilling has indicated that Hoidas is a major rare earth discovery with the JAK being only one of at least 15 known rare earth showings on the property.
The Company is earning a 70% interest in the Hoidas Lake project from Daren Industries Ltd. (CDNX:DIL) of Vancouver.
--------------------------------------------------------------------------------
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, or in the USA, Neil Yingling at 1 702 896 6724
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.