Post by Franko10 ™ on Aug 9, 2005 19:20:41 GMT -5
January 4, 2005
Great Western Minerals closed the first tranche of the brokered private placement announced on October 8, 2004 raising CAD1.26 million for exploration of its Hoidas Lake rare earth project in northern Saskatchewan. The company placed 4.19 million flow through units at a price of 30 cents per unit. Each unit consists of one flow through common share and a half of a flow through share purchase warrant. A whole warrant entitles a holder to purchase an additional flow through common share at a price of 40 cents per flow through share for a period of two years from the closing date.
December 31, 2004
Great Western Minerals has completed the acquisition of War Eagle Mining Company Inc's undivided 20% interest in the Candle Lake joint venture, consisting of 34 diamond claims located in the Candle Lake area of Saskatchewan. As a result of this acquisition, GWG and its affiliates now own a 100% undivided interest in the claims. War Eagle will receive an overriding royalty equal to 1.5% of the gross proceeds from the sale of minerals produced from the claims.
September 30, 2004
Great Western Minerals has released results from chip sampling on the Chukwalla copper/gold property in California. Five chip samples were taken from the existing pits and trenches of two targeted areas, the North Fanglomerate block A target and the south Andesite block B. Results from the Fanglomerate block includes 4.13 % Cu, 40.15 oz/t Ag and 0.002 oz/t Au including 3.72 % Cu, 13.49 oz/t Ag and 0.003 oz/t Au. Currently petrographic work is underway and a work program of detailed mapping, ground geophysical and geochemical surveys and detailed sampling of the existing outcrops, pits and trenches is planned.
May 7, 2004
Great Western Minerals plans to raise CAD1.6 million in a private placement to further advance the exploration and development of the company's Hoidas Lake rare earth project and the Chuckwalla gold/copper project in the United States.
September 13, 2002
Great Western Minerals and War Eagle Mining have released initial results from their Candle Lake Trend diamond property in Saskatchewan. Initial results of the first 25 samples from 170 kg of material were reported as being 126 diamonds including 5 macrodiamonds (one dimension greater than 0.5 mm). A more definitive report will be released next week on these results. The company will delay further processing until such time as funds are raised under a separate initial public offering for its subsidiary Great Western Diamonds Corp. to complete the processing. The last drill test by Kennecott Exploration on this property several years ago resulted in 413 diamonds from over three tonnes of sample.
August 13, 2002
Great Western Gold Corp. changed the name to Great Western Minerals Group Ltd. There is no consolidation of capital.
August 12, 2002
Great Western Gold has intersected 107 m of kimberlite in drillhole WSL-10 on its Candle Lake diamond project in Saskatchewan, the thickest kimberlite intersection to date on pipe 29/30. Grade projections from diamonds recovered in 1994/95 drilling give values of 18, 21 and 27 carats per 100 tonnes in the best three drillholes. Samples have been sent in for processing by caustic dissolution. The company has now incurred expenditures sufficient to meet its work commitment under the JV agreement with War Eagle Mining and the next phase of definition drilling is scheduled to resume after freeze-up, likely in January.
July 17, 2002
Great Western Gold has agreed to a a nonbrokered private placement of 350,000 units at a price of 30 cents per unit for gross proceeds of CAD105,000. Each unit will comprise one common share of the company and one non-transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional share of the company. Shares of the company currently trade at 30 cents, with 22 million shares currently issued and outstanding. Great Western plans to use the proceeds of the financing to fund its exploration projects. Great Western also reports that exploration work on the Candle Lake diamond project and the Hoidas Lake rare earth project, both located in Saskatchewan, is under way.
July 2, 2002
Great Western Gold has entered into an option agreement to earn up to a 100% interest in three groups of diamond claims in Larimer county, Colorado. The George Creek, Pearl Creek and Sand Creek claim groups host diamond-bearing kimberlite with the potential for additional kimberlite discoveries. Recovery from the George Creek kimberlite from surface trench samples totalling 3,000 tonnes, resulted in over 2,200 carats, with individual trench grades ranging from 54 to 100 carats per hundred tonnes and averaging 75 cpht. The company is planning to complete geophysical and geochemical surveys of all three properties as soon as practical under an accelerated work program along with systematic drilling of the known kimberlites to depth and exploration drilling on new targets.
June 4, 2002
Great Western Gold is to commence drilling on its Candle Lake property in Saskatchewan shortly. Up to four previously selected drill targets will be tested using HQ-size drill coring equipment. The targets were selected based on ground EM resistivity surveys carried out in the vicinity of the two diamond-bearing kimberlites located on the property. Three of the targets are near Pipe 29/30 and are located outside the magnetically determined boundaries of the kimberlite (from ground magnetic surveys), but are suspected to represent the same kimberlite pipe. The drilling will help to identify the optimum location for a larger mini-bulk sample.
May 14, 2002
Great Western Gold has closed a previously announced private placement, amounting to CAD411,453. Western plans to use the proceeds from the financing to commence exploration work its Candle Lake diamond project and the Hoidas Lake rare earth project, both located in Saskatchewan, and for working capital.
April 9, 2002
Vancouver-based Great Western Gold is proceeding with a non-brokered private placement issuing up to 1,333,333 units at a price of 30 cents per unit for gross proceeds of CAD400,000. Each unit will consist of one common share of the company and one nontransferable common share purchase warrant, with each warrant entitling the holder to acquire one additional share of the company. Company shares currently trade at 13 cents, with 20 million currently issued and outstanding. Great Western plans to use the proceeds from the financing to commence exploration work its Candle Lake diamond project and the Hoidas Lake rare earth project, both located in Saskatchewan, and for working capital. Great Western is an 80% partner with War Eagle Mining Company (20%) in the Candle Lake Joint Venture. Located 45 miles north-northeast of Prince Albert, Sask., the Candle Lake diamond property consists of 47 claims, covering 56,000 acres upon which are located diamond-bearing kimberlite pipes have been identified. Four drill targets have been selected from recent resistivity data and sites have reportedly been prepared for drilling in the next phase of work on the property.
February 22, 2002
Great Western Gold has received the remaining special metallurgial test results for its Hoidas Lake rare earth project in northern Saskatchewan, indicating again that the mineralization may be amenable to open pit mining and heap leaching using non toxic reagents. Initial tonnage calculations for the JAK zone based on drill cross-sections indicates that the skarn-type mineralization comprises 1.03 million tonnes to a depth of 60 m, assuming the skarn mineralization extends to surface. Average grades for the specific elements are being calculated and an inferred mineral resource will be reported when calculations are complete.
February 11, 2002
Great Western Gold has received additional metallurgical test results for its Hoidas Lake rare earth project indicating that the mineralization would be amenable to open pit mining and that heap leaching would be an appropriate process for metal recovery. Mining the granitic and mylonitic rocks outside the main high-grade rare earth skarn zone could also be economically viable provided subsequent drilling proves up sufficient ore reserves. A patented recovery process tested 58 elements in the Hoidas Lake mineralization, using non-toxic reagents to leach out the elements as opposed to conventional acid leaching. Results were extremely positive with a 100% recovery for approximately half the elements. Recoveries for the 15 rare earth elements plus yttrium ranged from 95% to 99.5% depending on the host rock.
January 23, 2002
Great Western Gold has reported further high tech potential at its Hoidas Lake rare earth project in Northern Saskatchewan. Initial results for special metallurgical test work show that, in addition to the significant values for rare earth elements reported previously, the Hoidas mineralization also contains potentially economic amounts of titanium, gallium and scandium. The principal uses for scadium are in high-strength lightweight aluminum alloys, electronics and laser research with future demand to come from fuel cells.
October 23, 2001
Great Western Gold arranged a private placement of 3.3 million units at a price of CDN$0.25 per unit for a total of CDN$825,000. The proceeds from the private placement will be used to finance exploration of the company's Hoidas Lake property and for general working capital.
July 18, 2001
Great Western Gold Corp. has released initial metallurgical test work results from the Hoidas Lake property in Saskatchewan. Work on drill core from the JAK zone has shown that up to 75% of the rare earth content is derived from the phosphate mineral apatite, and to a much lesser degree monazite, and the remainder from the silicate mineral allanite. Apatite is more amenable to acid leaching than allanite, and the mechanics of processing phosphates are well known. The metallurgical work is expected to take several more weeks to complete.
May 28, 2001
Great Western Gold Corp. announced that sample selection for metallurgical work has commenced on the Hoidas Lake property in Saskatchewan. The samples were taken from from the JAK zone drilled earlier this year, formerly known as the Main zone. Results from trenching the JAK zone in August, 2000, returned 4.911% total rare earth oxide values.
April 17, 2001
Great Western Gold Corp. announced initial assay results from its Hoidas Lake property in northern Saskatchewan. Assays were up to 4.22% REO (rare earth oxides) over 4.9 metres in mineralized skarn. Ground geophysics conducted along with the drilling identified several sub-parallel anomalies, interpreted to be mineralized zones, and additional drilling is planned. Hoidas Lake covers 14 known REE showings overa 10 km strike length, that appear to be both hydrothermal and magmatic in origin.
February 19, 2001
Great Western Gold Corp announced that the first phase of drilling and ground geophysics has been completed on its Hoidas Lake rare earth element property in Saskatchewan. The JAK Zone (Main Zone) has now been drill tested over 475 m of strike length and traced by ground geophysics over 700 m of strike length. Sixteen drillholes recovered 1,100 m of NQ core with each hole intersecting significant widths of intensely sheared rock containing abundant allanite (a rare earth host mineral) over widths of 5 to 40 m. The JAK Zone remains open along strike and to depth. Logging, splitting and sampling of the core is continuing with analysis underway in Saskatoon.
January 30, 2001
Great Western Gold has completed the staking of an additional 9900 acres contiguous to the existing claims of its Hoidas Lake property, more than doubling the area to 16,000 acres. The recent staking covers a major lineament thought to be the source of the numerous rare earth showings on the property. Drilling is currently underway on the property.
November 2, 2000
Great Western Gold Corp has completed a high-definition ground magnetic and resistivity survey on the Candle Lake property in northern Saskatchewan. The survey identified a resistivity anomaly approximately 700 m from a known kimberlite, that has been interpreted as a new kimberlite. A previous survey outlined three similar targets elsewhere on the property. Preparations are underway for drill testing all four targets.
July 12, 2000
Great Western is proceeding with a non-brokered private placement for a maximum amount of CDN$675,000. The proceeds will be used to explore the company's diamond properties at Candle Lake, Sask., and the company's rare earth project at Hoidas Lake, Sask., and for working capital purposes.
December 16, 1999
Great Western Gold has reported assay results from eleven trenches completed on the Hoidas Lake rare-earths property in Saskatchewan. Trenching on the West Zone returned 1.4% total rare earth oxide (TREO) over 5.9 m. The Main Zone contained 7.1 m grading 2.4% TREO, and the Mylonite Zone contained 6.0 m grading 1.2% TREO. Drilling and geophysics are planned to commence in January 2000.
October 4, 1999
Great Western Gold Corp announced that it has negotiated a CDN$150,000 private placement consisting of 1,000,000 units, each unit comprising one common share and one non-transferable share purchase warrant in the capital stock of the company. Each two share purchase warrants will entitle the placee to purchase one additional common share. The proceeds of the private placement will be used for general corporate purposes.
November 30, 1998
The company announced that it has entered into debt settlement agreements with certain corporate creditors that have directors in common with the company and an individual that is a director of the company. Total debt in the amount of CDN$687,486 will be satisfied by the issuance of 4,583,240 common shares at a deemed price of $0.15 per share.
November 26, 1998
Kennecott Canada dropped its interest in the Candle Lake Joint Venture located in Saskatchewan leaving Great Western Gold and War Eagle Mining as remaining owners. Results from the mini-bulk sample were also reported. A total of 0.28 carats were recovered from a 7.6 tonne sample for a grade of approximately 3.7 carats per 100 tonnes.
April 4, 1995
Private placement of 600,000 units @ $1.00 to Britton Capital Corp, a private company controlled by Timothy Brock and several associates.
April 29, 1994
BrittonCapital will lend the company $400,000 in the form of a debenture convertible into shares @ $6.00. The note has a two year term and an interest rate of prime plus 3%.
April 28, 1994
Reported assay results from lands explored by the Candle Lake JV - the most notable result was 4 macros and 17 micro diamonds recovered from 64.9 Kg (pipe #29).
October 27, 1993
Formed a special interest JV, the Candle Lake JV, with War Eagle Mining Co. to commence a drilling in Saskatchewan.
April 14, 1993
Flow through private placement of $150,000.
April 10, 1992
S.M.F. cancelled.
January 16, 1992
Private placement of 1,333,333 flow-through shares at $0.15 per share plus 500,000 non-transferable share purchase warrants toTimothy Brock.
September 12, 1991
Amended S.M.F. offering of 1,800,000 shares at $0.17 per share to net the company $279,000 to be used for current accounts payable and an exploration program on the Screech and Pine claims.
July 24, 1991
Changed name from International Texoro Resources Ltd and consolidated capital 2:1
March 28, 1991
Proposed 2 share consolidation, name change to Great Western Gold Company Ltd. The company plans to issue up to 1,500,000 shares by way of private placement.
Great Western Minerals closed the first tranche of the brokered private placement announced on October 8, 2004 raising CAD1.26 million for exploration of its Hoidas Lake rare earth project in northern Saskatchewan. The company placed 4.19 million flow through units at a price of 30 cents per unit. Each unit consists of one flow through common share and a half of a flow through share purchase warrant. A whole warrant entitles a holder to purchase an additional flow through common share at a price of 40 cents per flow through share for a period of two years from the closing date.
December 31, 2004
Great Western Minerals has completed the acquisition of War Eagle Mining Company Inc's undivided 20% interest in the Candle Lake joint venture, consisting of 34 diamond claims located in the Candle Lake area of Saskatchewan. As a result of this acquisition, GWG and its affiliates now own a 100% undivided interest in the claims. War Eagle will receive an overriding royalty equal to 1.5% of the gross proceeds from the sale of minerals produced from the claims.
September 30, 2004
Great Western Minerals has released results from chip sampling on the Chukwalla copper/gold property in California. Five chip samples were taken from the existing pits and trenches of two targeted areas, the North Fanglomerate block A target and the south Andesite block B. Results from the Fanglomerate block includes 4.13 % Cu, 40.15 oz/t Ag and 0.002 oz/t Au including 3.72 % Cu, 13.49 oz/t Ag and 0.003 oz/t Au. Currently petrographic work is underway and a work program of detailed mapping, ground geophysical and geochemical surveys and detailed sampling of the existing outcrops, pits and trenches is planned.
May 7, 2004
Great Western Minerals plans to raise CAD1.6 million in a private placement to further advance the exploration and development of the company's Hoidas Lake rare earth project and the Chuckwalla gold/copper project in the United States.
September 13, 2002
Great Western Minerals and War Eagle Mining have released initial results from their Candle Lake Trend diamond property in Saskatchewan. Initial results of the first 25 samples from 170 kg of material were reported as being 126 diamonds including 5 macrodiamonds (one dimension greater than 0.5 mm). A more definitive report will be released next week on these results. The company will delay further processing until such time as funds are raised under a separate initial public offering for its subsidiary Great Western Diamonds Corp. to complete the processing. The last drill test by Kennecott Exploration on this property several years ago resulted in 413 diamonds from over three tonnes of sample.
August 13, 2002
Great Western Gold Corp. changed the name to Great Western Minerals Group Ltd. There is no consolidation of capital.
August 12, 2002
Great Western Gold has intersected 107 m of kimberlite in drillhole WSL-10 on its Candle Lake diamond project in Saskatchewan, the thickest kimberlite intersection to date on pipe 29/30. Grade projections from diamonds recovered in 1994/95 drilling give values of 18, 21 and 27 carats per 100 tonnes in the best three drillholes. Samples have been sent in for processing by caustic dissolution. The company has now incurred expenditures sufficient to meet its work commitment under the JV agreement with War Eagle Mining and the next phase of definition drilling is scheduled to resume after freeze-up, likely in January.
July 17, 2002
Great Western Gold has agreed to a a nonbrokered private placement of 350,000 units at a price of 30 cents per unit for gross proceeds of CAD105,000. Each unit will comprise one common share of the company and one non-transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional share of the company. Shares of the company currently trade at 30 cents, with 22 million shares currently issued and outstanding. Great Western plans to use the proceeds of the financing to fund its exploration projects. Great Western also reports that exploration work on the Candle Lake diamond project and the Hoidas Lake rare earth project, both located in Saskatchewan, is under way.
July 2, 2002
Great Western Gold has entered into an option agreement to earn up to a 100% interest in three groups of diamond claims in Larimer county, Colorado. The George Creek, Pearl Creek and Sand Creek claim groups host diamond-bearing kimberlite with the potential for additional kimberlite discoveries. Recovery from the George Creek kimberlite from surface trench samples totalling 3,000 tonnes, resulted in over 2,200 carats, with individual trench grades ranging from 54 to 100 carats per hundred tonnes and averaging 75 cpht. The company is planning to complete geophysical and geochemical surveys of all three properties as soon as practical under an accelerated work program along with systematic drilling of the known kimberlites to depth and exploration drilling on new targets.
June 4, 2002
Great Western Gold is to commence drilling on its Candle Lake property in Saskatchewan shortly. Up to four previously selected drill targets will be tested using HQ-size drill coring equipment. The targets were selected based on ground EM resistivity surveys carried out in the vicinity of the two diamond-bearing kimberlites located on the property. Three of the targets are near Pipe 29/30 and are located outside the magnetically determined boundaries of the kimberlite (from ground magnetic surveys), but are suspected to represent the same kimberlite pipe. The drilling will help to identify the optimum location for a larger mini-bulk sample.
May 14, 2002
Great Western Gold has closed a previously announced private placement, amounting to CAD411,453. Western plans to use the proceeds from the financing to commence exploration work its Candle Lake diamond project and the Hoidas Lake rare earth project, both located in Saskatchewan, and for working capital.
April 9, 2002
Vancouver-based Great Western Gold is proceeding with a non-brokered private placement issuing up to 1,333,333 units at a price of 30 cents per unit for gross proceeds of CAD400,000. Each unit will consist of one common share of the company and one nontransferable common share purchase warrant, with each warrant entitling the holder to acquire one additional share of the company. Company shares currently trade at 13 cents, with 20 million currently issued and outstanding. Great Western plans to use the proceeds from the financing to commence exploration work its Candle Lake diamond project and the Hoidas Lake rare earth project, both located in Saskatchewan, and for working capital. Great Western is an 80% partner with War Eagle Mining Company (20%) in the Candle Lake Joint Venture. Located 45 miles north-northeast of Prince Albert, Sask., the Candle Lake diamond property consists of 47 claims, covering 56,000 acres upon which are located diamond-bearing kimberlite pipes have been identified. Four drill targets have been selected from recent resistivity data and sites have reportedly been prepared for drilling in the next phase of work on the property.
February 22, 2002
Great Western Gold has received the remaining special metallurgial test results for its Hoidas Lake rare earth project in northern Saskatchewan, indicating again that the mineralization may be amenable to open pit mining and heap leaching using non toxic reagents. Initial tonnage calculations for the JAK zone based on drill cross-sections indicates that the skarn-type mineralization comprises 1.03 million tonnes to a depth of 60 m, assuming the skarn mineralization extends to surface. Average grades for the specific elements are being calculated and an inferred mineral resource will be reported when calculations are complete.
February 11, 2002
Great Western Gold has received additional metallurgical test results for its Hoidas Lake rare earth project indicating that the mineralization would be amenable to open pit mining and that heap leaching would be an appropriate process for metal recovery. Mining the granitic and mylonitic rocks outside the main high-grade rare earth skarn zone could also be economically viable provided subsequent drilling proves up sufficient ore reserves. A patented recovery process tested 58 elements in the Hoidas Lake mineralization, using non-toxic reagents to leach out the elements as opposed to conventional acid leaching. Results were extremely positive with a 100% recovery for approximately half the elements. Recoveries for the 15 rare earth elements plus yttrium ranged from 95% to 99.5% depending on the host rock.
January 23, 2002
Great Western Gold has reported further high tech potential at its Hoidas Lake rare earth project in Northern Saskatchewan. Initial results for special metallurgical test work show that, in addition to the significant values for rare earth elements reported previously, the Hoidas mineralization also contains potentially economic amounts of titanium, gallium and scandium. The principal uses for scadium are in high-strength lightweight aluminum alloys, electronics and laser research with future demand to come from fuel cells.
October 23, 2001
Great Western Gold arranged a private placement of 3.3 million units at a price of CDN$0.25 per unit for a total of CDN$825,000. The proceeds from the private placement will be used to finance exploration of the company's Hoidas Lake property and for general working capital.
July 18, 2001
Great Western Gold Corp. has released initial metallurgical test work results from the Hoidas Lake property in Saskatchewan. Work on drill core from the JAK zone has shown that up to 75% of the rare earth content is derived from the phosphate mineral apatite, and to a much lesser degree monazite, and the remainder from the silicate mineral allanite. Apatite is more amenable to acid leaching than allanite, and the mechanics of processing phosphates are well known. The metallurgical work is expected to take several more weeks to complete.
May 28, 2001
Great Western Gold Corp. announced that sample selection for metallurgical work has commenced on the Hoidas Lake property in Saskatchewan. The samples were taken from from the JAK zone drilled earlier this year, formerly known as the Main zone. Results from trenching the JAK zone in August, 2000, returned 4.911% total rare earth oxide values.
April 17, 2001
Great Western Gold Corp. announced initial assay results from its Hoidas Lake property in northern Saskatchewan. Assays were up to 4.22% REO (rare earth oxides) over 4.9 metres in mineralized skarn. Ground geophysics conducted along with the drilling identified several sub-parallel anomalies, interpreted to be mineralized zones, and additional drilling is planned. Hoidas Lake covers 14 known REE showings overa 10 km strike length, that appear to be both hydrothermal and magmatic in origin.
February 19, 2001
Great Western Gold Corp announced that the first phase of drilling and ground geophysics has been completed on its Hoidas Lake rare earth element property in Saskatchewan. The JAK Zone (Main Zone) has now been drill tested over 475 m of strike length and traced by ground geophysics over 700 m of strike length. Sixteen drillholes recovered 1,100 m of NQ core with each hole intersecting significant widths of intensely sheared rock containing abundant allanite (a rare earth host mineral) over widths of 5 to 40 m. The JAK Zone remains open along strike and to depth. Logging, splitting and sampling of the core is continuing with analysis underway in Saskatoon.
January 30, 2001
Great Western Gold has completed the staking of an additional 9900 acres contiguous to the existing claims of its Hoidas Lake property, more than doubling the area to 16,000 acres. The recent staking covers a major lineament thought to be the source of the numerous rare earth showings on the property. Drilling is currently underway on the property.
November 2, 2000
Great Western Gold Corp has completed a high-definition ground magnetic and resistivity survey on the Candle Lake property in northern Saskatchewan. The survey identified a resistivity anomaly approximately 700 m from a known kimberlite, that has been interpreted as a new kimberlite. A previous survey outlined three similar targets elsewhere on the property. Preparations are underway for drill testing all four targets.
July 12, 2000
Great Western is proceeding with a non-brokered private placement for a maximum amount of CDN$675,000. The proceeds will be used to explore the company's diamond properties at Candle Lake, Sask., and the company's rare earth project at Hoidas Lake, Sask., and for working capital purposes.
December 16, 1999
Great Western Gold has reported assay results from eleven trenches completed on the Hoidas Lake rare-earths property in Saskatchewan. Trenching on the West Zone returned 1.4% total rare earth oxide (TREO) over 5.9 m. The Main Zone contained 7.1 m grading 2.4% TREO, and the Mylonite Zone contained 6.0 m grading 1.2% TREO. Drilling and geophysics are planned to commence in January 2000.
October 4, 1999
Great Western Gold Corp announced that it has negotiated a CDN$150,000 private placement consisting of 1,000,000 units, each unit comprising one common share and one non-transferable share purchase warrant in the capital stock of the company. Each two share purchase warrants will entitle the placee to purchase one additional common share. The proceeds of the private placement will be used for general corporate purposes.
November 30, 1998
The company announced that it has entered into debt settlement agreements with certain corporate creditors that have directors in common with the company and an individual that is a director of the company. Total debt in the amount of CDN$687,486 will be satisfied by the issuance of 4,583,240 common shares at a deemed price of $0.15 per share.
November 26, 1998
Kennecott Canada dropped its interest in the Candle Lake Joint Venture located in Saskatchewan leaving Great Western Gold and War Eagle Mining as remaining owners. Results from the mini-bulk sample were also reported. A total of 0.28 carats were recovered from a 7.6 tonne sample for a grade of approximately 3.7 carats per 100 tonnes.
April 4, 1995
Private placement of 600,000 units @ $1.00 to Britton Capital Corp, a private company controlled by Timothy Brock and several associates.
April 29, 1994
BrittonCapital will lend the company $400,000 in the form of a debenture convertible into shares @ $6.00. The note has a two year term and an interest rate of prime plus 3%.
April 28, 1994
Reported assay results from lands explored by the Candle Lake JV - the most notable result was 4 macros and 17 micro diamonds recovered from 64.9 Kg (pipe #29).
October 27, 1993
Formed a special interest JV, the Candle Lake JV, with War Eagle Mining Co. to commence a drilling in Saskatchewan.
April 14, 1993
Flow through private placement of $150,000.
April 10, 1992
S.M.F. cancelled.
January 16, 1992
Private placement of 1,333,333 flow-through shares at $0.15 per share plus 500,000 non-transferable share purchase warrants toTimothy Brock.
September 12, 1991
Amended S.M.F. offering of 1,800,000 shares at $0.17 per share to net the company $279,000 to be used for current accounts payable and an exploration program on the Screech and Pine claims.
July 24, 1991
Changed name from International Texoro Resources Ltd and consolidated capital 2:1
March 28, 1991
Proposed 2 share consolidation, name change to Great Western Gold Company Ltd. The company plans to issue up to 1,500,000 shares by way of private placement.