Owner
Post by Franko10 ™ on Mar 15, 2006 9:58:16 GMT -5
Great Western Minerals Group Ltd.: New President Appointed
09:53 EST Wednesday, March 15, 2006
SASKATOON, SASKATCHEWAN--(CCNMatthews - March 15, 2006) - The Board of Directors of Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCBB:GWMGF) (the "Company") is pleased to announce that James B. Engdahl has accepted the position of President and CEO of the Company.
Mr. Engdahl has over 20 years experience in corporate finance at the executive level, with extensive expertise in financing mergers, acquisitions, and reorganizations.
A former Vice President of Barclays Bank of Canada, Jim has also served as President, CEO, and director of Pacific & Western Trust, President and director of Shore Gold Inc., and Vice President Finance and director of Claude Resources Inc., all public companies. More recently, Jim was the Regional Advisory Partner of the corporate finance arm of one of Western Canada's largest accounting firms. This position resulted from the the accounting firm's purchase of Cascadia Ventures Inc., a corporate financing and consulting group responsible for raising project financing in excess of $100 million, of which Jim was the Managing Partner.
Throughout Jim's corporate finance career, he has crossed paths with the mining industry. He was intimately involved in financing two producing gold mines in Saskatchewan and currently sits on the Board of Directors of Formation Capital Inc., a TSE-listed company bringing a cobalt/copper mine into production in the United States.
"Jim's expertise in corporate finance, the global regulatory regime, and specialty metals, will enable Great Western Minerals Group Ltd. to better manage its growth moving forward, as we take the Hoidas Lake rare earth project to feasibility, develop a marketing niche with Great Western Technologies Inc., and significantly advance our other mineral projects", says Gary Billingsley, Chairman. "I am personally pleased to welcome Jim as a member of the senior management team, as it allows me to focus my efforts on specific projects and corporate areas that can benefit from my direct involvement."
Great Western Minerals Group Ltd. is a Saskatchewan-based mineral exploration and development company focused on the development of the Hoidas Lake rare earth project in northern Saskatchewan, as well as advancing two copper/gold projects in the southwestern US. The company's wholly-owned subsidiary, Great Western Technologies Inc., owns and operates manufacturing facilities in Troy, Michigan, currently producing advanced materials for the alternate energy market. Great Western Diamonds Corp. (TSXV-"GWD") is the company's 40%-owned subsidiary exploring and developing diamond-bearing kimberlites in Saskatchewan.
Gary L. Billingsley, C.A., P.Eng., P.Geo.
Chairman
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Western Minerals Group Ltd.
Gordon Dent
(306) 668-0701
or
Great Western Minerals Group Ltd.
226 Cardinal Crescent
Saskatoon, SK S7L 6H8
Email: info@gwmg.ca
Website: www.gwmg.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the foregoing contents.
09:53 EST Wednesday, March 15, 2006
SASKATOON, SASKATCHEWAN--(CCNMatthews - March 15, 2006) - The Board of Directors of Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCBB:GWMGF) (the "Company") is pleased to announce that James B. Engdahl has accepted the position of President and CEO of the Company.
Mr. Engdahl has over 20 years experience in corporate finance at the executive level, with extensive expertise in financing mergers, acquisitions, and reorganizations.
A former Vice President of Barclays Bank of Canada, Jim has also served as President, CEO, and director of Pacific & Western Trust, President and director of Shore Gold Inc., and Vice President Finance and director of Claude Resources Inc., all public companies. More recently, Jim was the Regional Advisory Partner of the corporate finance arm of one of Western Canada's largest accounting firms. This position resulted from the the accounting firm's purchase of Cascadia Ventures Inc., a corporate financing and consulting group responsible for raising project financing in excess of $100 million, of which Jim was the Managing Partner.
Throughout Jim's corporate finance career, he has crossed paths with the mining industry. He was intimately involved in financing two producing gold mines in Saskatchewan and currently sits on the Board of Directors of Formation Capital Inc., a TSE-listed company bringing a cobalt/copper mine into production in the United States.
"Jim's expertise in corporate finance, the global regulatory regime, and specialty metals, will enable Great Western Minerals Group Ltd. to better manage its growth moving forward, as we take the Hoidas Lake rare earth project to feasibility, develop a marketing niche with Great Western Technologies Inc., and significantly advance our other mineral projects", says Gary Billingsley, Chairman. "I am personally pleased to welcome Jim as a member of the senior management team, as it allows me to focus my efforts on specific projects and corporate areas that can benefit from my direct involvement."
Great Western Minerals Group Ltd. is a Saskatchewan-based mineral exploration and development company focused on the development of the Hoidas Lake rare earth project in northern Saskatchewan, as well as advancing two copper/gold projects in the southwestern US. The company's wholly-owned subsidiary, Great Western Technologies Inc., owns and operates manufacturing facilities in Troy, Michigan, currently producing advanced materials for the alternate energy market. Great Western Diamonds Corp. (TSXV-"GWD") is the company's 40%-owned subsidiary exploring and developing diamond-bearing kimberlites in Saskatchewan.
Gary L. Billingsley, C.A., P.Eng., P.Geo.
Chairman
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Western Minerals Group Ltd.
Gordon Dent
(306) 668-0701
or
Great Western Minerals Group Ltd.
226 Cardinal Crescent
Saskatoon, SK S7L 6H8
Email: info@gwmg.ca
Website: www.gwmg.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the foregoing contents.
