By Devika Patel
Knoxville, Tenn., Nov. 6 - Great Western Minerals Group Ltd. said it has completed a C$2.51 million private placement of special warrants.
The company sold the special warrants, which are convertible into units of one common share and one half-share warrant, at C$0.28 apiece. Each whole warrant is exercisable at C$0.50 until Nov. 6, 2014.
Pope & Co. Ltd. was the agent.
Proceeds will be used to advance the company's mineral projects and for working capital and general corporate purposes.
Based in Saskatoon, Sask., Great Western Minerals is a gold, uranium and diamond exploration company.
| Issuer: | Great Western Minerals Group Ltd.
|
| Issue: | Special warrants convertible into units of one common share and one half-share warrant
|
| Amount: | C$2,510,168
|
| Price: | C$0.28
|
| Warrants: | One half-share warrant per unit upon conversion
|
| Warrant strike price: | C$0.50
|
| Warrant expiration: | Nov. 6, 2014
|
| Agent: | Pope & Co. Ltd.
|
| Settlement date: | Nov. 6
|
| Stock symbol: | TSX Venture: GWG
|
| Stock price: | C$0.28 at close Nov. 6
|
| Market capitalization: | C$41.7 million
|
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