By Devika Patel
Knoxville, Tenn., Feb. 9 - Great Western Minerals Group Ltd. said it plans to conduct a C$2 million non-brokered private placement of units.
The company will sell 22,222,222 units of one share and one warrant at C$0.09 per unit. The warrants are exercisable at C$0.15.
Settlement is expected Feb. 24.
Proceeds will be used for exploration and development of the company's properties and general corporate expenses.
Based in Saskatoon, Saskatchewan, Great Western Minerals is a gold, uranium and diamond exploration company.
| Issuer: | Great Western Minerals Group Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 22,222,222
|
| Price: | C$0.09
|
| Warrants: | One per unit
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 24
|
| Stock symbol: | TSX Venture: GWG
|
| Stock price: | C$0.095 at close Feb. 9
|
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