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Post by Franko10 ™ on Sept 20, 2004 15:22:38 GMT -5
Great Western Gold Corp. P.O. Box 69 Saskatoon, SK S7K 3K1 CDNX: GWG CUSIP: 39144H107
April 9, 2002
PRIVATE PLACEMENT
Neil Yingling, President, is pleased to announce that the Company is proceeding with a non-brokered private placement issuing up to 1,333,333 units at a price of $0.30 per unit for gross proceeds of $400,000. Each unit will be comprised of one common share of GWG and one non-transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional share at a price of $0.40 per share for a period of one year. Up to 80% of the units will be flow-through units.
The proceeds will be used to commence exploration work on the Company's Candle Lake diamond project and the Hoidas Lake rare earth project, both located in Saskatchewan, and for working capital.
-------------------------------------------------------------------------------- Great Western Gold Corp. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds and rare earth elements in the Province of Saskatchewan.
For further information, call Neil Yingling at 1 702 896 6724, Gary Billingsley at 1 306 220 5377 or Len Willetts at 1 905 544 8502.
GREAT WESTERN GOLD CORP. Neil Yingling 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.
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