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Post by Franko10 ™ on Sept 20, 2004 15:46:04 GMT -5
NEWS RELEASE FINANCING UPDATE Gary Billingsley, President, reports that, further to the news release of December 1, 2003, announcing a non-brokered private placement, filings have been made for regulatory approvals and subscriptions are no longer being accepted. Due to market conditions at the time, the issue was repriced to $0.20 per unit.
Negotiations are in progress now for additional funding targeted specifically for the Company's 100%-owned Hoidas Lake rare earth project and Chuckwalla gold/copper project.
Gary L. Billingsley, C.A., P.Eng., P.Geo. President
For further information contact the Company at (306) 668-0701. All email inquiries should be made to info@gwmg.ca (website: http://www.gwmg.ca) Direct mail: Great Western Minerals Group Ltd., 119A Cardinal Crescent, Saskatoon, SK S7L 6H5
(The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the foregoing contents) © 2004 Great Western Minerals Group Ltd.
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