Post by Franko10 ™ on Sept 20, 2004 15:41:27 GMT -5
Great Western Minerals Group Ltd.
P.O. Box 69
Saskatoon, SK S7K 3K1
TSX VENTURE: GWG
USA OTC Symbol: GWMGF
CUSIP: 39141Y 10 3
October 2, 2003
DIAMOND SUBSIDIARY ACTIVATED
The Company (“GWG”) is pleased to announce that, under the direction of Technical Advisory Committee Chairman Neil Yingling, its wholly-owned subsidiary Great Western Diamonds Corp. (“GWD”) has been activated in order to take over all diamond-related activities previously carried out by GWG. All of the Company's diamond properties in Saskatchewan and Colorado will be transferred to the subsidiary with the goal of taking GWD public in the very near future.
Mr. Yingling has commenced funding activity on a private placement basis to provide GWD with the necessary working capital to meet listing requirements and support document preparation, including the prospectus filing for the initial public offering. The Company has been approached by, and discussions initiated with, a major Canadian investment dealer regarding funding for GWD through an IPO
As previously reported, shareholders of GWG will receive dividend shares in GWD, when it is listed, on the basis of one GWD share for every four (4) shares of GWG owned.
Any parties interested in receiving more information about GWD and diamonds are invited to contact Mr. Yingling by email at NeilYingling1@cox.net.
--------------------------------------------------------------------------------
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 Symbol: GWMGF
CUSIP: 39141Y 10 3
October 2, 2003
DIAMOND SUBSIDIARY ACTIVATED
The Company (“GWG”) is pleased to announce that, under the direction of Technical Advisory Committee Chairman Neil Yingling, its wholly-owned subsidiary Great Western Diamonds Corp. (“GWD”) has been activated in order to take over all diamond-related activities previously carried out by GWG. All of the Company's diamond properties in Saskatchewan and Colorado will be transferred to the subsidiary with the goal of taking GWD public in the very near future.
Mr. Yingling has commenced funding activity on a private placement basis to provide GWD with the necessary working capital to meet listing requirements and support document preparation, including the prospectus filing for the initial public offering. The Company has been approached by, and discussions initiated with, a major Canadian investment dealer regarding funding for GWD through an IPO
As previously reported, shareholders of GWG will receive dividend shares in GWD, when it is listed, on the basis of one GWD share for every four (4) shares of GWG owned.
Any parties interested in receiving more information about GWD and diamonds are invited to contact Mr. Yingling by email at NeilYingling1@cox.net.
--------------------------------------------------------------------------------
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.