By Devika Patel
Knoxville, Tenn., Aug. 26 - Great Western Minerals Group Ltd. said it plans to conduct a C$2 million private placement of stock.
The company will sell the common shares at C$0.25 apiece.
Settlement is expected Sept. 5.
The deal will be conducted by a syndicate of agents led by Research Capital Corp. and including Dundee Securities Corp.
Proceeds will be used for exploration.
Based in Saskatoon, Sask., Great Western Minerals is a gold, uranium and diamond exploration company.
| Issuer: | Great Western Minerals Group Ltd.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Agent: | Research Capital Corp. (lead), Dundee Securities Corp.
|
| Pricing date: | Aug. 26
|
| Settlement date: | Sept. 5
|
| Stock symbol: | TSX Venture: GWG
|
| Stock price: | C$0.255 at close Aug. 26
|
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