Post by Franko10 ™ on Sept 20, 2004 15:35:25 GMT -5
Great Western Minerals Group Ltd.
P.O. Box 69
Saskatoon, SK S7K 3K1
TSX VENTURE: GWG
USA OTC BB Symbol: GWMGF
CUSIP: 39141Y 10 3
March 31, 2003
FINANCING STRUCTURE
Further to the financing reported in the news release dated March 20, 2003, the Company is pleased to provide further details regarding the structure of the US$2 million financing being made available through the facilities of SBGA of Markham, Ontario.
The initial US$1 million funding is in the form of a convertible loan bearing 9% interest and a one-year term. The additional US$1 million is available on a 60-day call and, if called, will be in the form of an equity issue based on market conditions at the time of the call. Funding is contingent on receiving all required regulatory approvals.
SBGA is an integrated knowledge think tank and professional advisory and financial services company. They provide management advisory and investment banking solutions; corporate finance services; global research, marketing and intelligence services; and strategic alliance advisory services. We are working closely with SBGA to develop a strategic business plan aimed at creating shareholder value and competitive advantage by developing near, medium and long-term cash flows.
Specific project plans for the Company's rare earth, gold/copper and diamond projects will be detailed in upcoming news releases.
--------------------------------------------------------------------------------
Great Western Minerals Group Ltd. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds, gold and rare earth elements.
For further information Gary Billingsley at 1 306 220 5377 or Len Willetts at 1 905 544 8502
GREAT WESTERN MINERALS GROUP LTD.
Gary Billingsley
President
The TSX 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.
P.O. Box 69
Saskatoon, SK S7K 3K1
TSX VENTURE: GWG
USA OTC BB Symbol: GWMGF
CUSIP: 39141Y 10 3
March 31, 2003
FINANCING STRUCTURE
Further to the financing reported in the news release dated March 20, 2003, the Company is pleased to provide further details regarding the structure of the US$2 million financing being made available through the facilities of SBGA of Markham, Ontario.
The initial US$1 million funding is in the form of a convertible loan bearing 9% interest and a one-year term. The additional US$1 million is available on a 60-day call and, if called, will be in the form of an equity issue based on market conditions at the time of the call. Funding is contingent on receiving all required regulatory approvals.
SBGA is an integrated knowledge think tank and professional advisory and financial services company. They provide management advisory and investment banking solutions; corporate finance services; global research, marketing and intelligence services; and strategic alliance advisory services. We are working closely with SBGA to develop a strategic business plan aimed at creating shareholder value and competitive advantage by developing near, medium and long-term cash flows.
Specific project plans for the Company's rare earth, gold/copper and diamond projects will be detailed in upcoming news releases.
--------------------------------------------------------------------------------
Great Western Minerals Group Ltd. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds, gold and rare earth elements.
For further information Gary Billingsley at 1 306 220 5377 or Len Willetts at 1 905 544 8502
GREAT WESTERN MINERALS GROUP LTD.
Gary Billingsley
President
The TSX 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.