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Post by Franko10 ™ on Sept 20, 2004 15:47:27 GMT -5
NEWS RELEASE FINANCING CLOSED Gary Billingsley, President, is pleased to report that the Company has closed the non-brokered private placement announced in news releases dated December 1, 2003 and April 15, 2004.
The Company is issuing 280,000 flow-through common shares and 2,770,063 non-flow-through common shares at $0.20 per share for total proceeds of $610,013. The Company is also issuing 1,525,032 share purchase warrants to purchase 1,525,032 non-flow-through common shares at $0.30 per share for a two-year period.
A total of 35 placees participated and there is a four-month hold period on the common shares expiring September 10, 2004.
Gary L. Billingsley, C.A., P.Eng., P.Geo. President
For further information contact the Company at (306) 668-0701 or Leonard Willetts at (905) 544-8502. 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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