Placing to fund further expansion programme PDF Print E-mail
Wednesday, 27 June 2007 00:00
this article on www.plusmarketsgroup.com 
 

Great Western Mining Corporation plc (GWMC), the Irish based exploration company, today announced it has staked claims to extend its exploration area by two thirds following its successful preliminary sampling programme in Mineral County, Nevada.

The principal minerals being targeted in the expanded area of interest are uranium, tungsten and associated gold and silver deposits. Results of initial old and silver sampling were given in the Company's half-year report and additional uranium sample results are expected to be available in mid-July.

The Company is continuing its extended exploration programme and the Directors ave today placed 1.5million new shares at 25 pence sterling. As a result, the company is now well funded to exploit targeted opportunities in Nevada and elsewhere.

The total number of shares in issue is now 26,502,000 of which the Directors old 54%.

The Directors of the Issuer accept responsibility for this announcement.

 



For media enquiries, please contact:
Kathryn Byrne, Limelight Communications.
Tel. +353 45 856 346 Mobile + 353 85 233 6033
This e-mail address is being protected from spambots, you need JavaScript enabled to view it

For further information on investor relations
please contact:
Emmett O'Connell, Chairman, Great Western Mining Corporation
Tel. +353 51 565 844 or +353 1 856 1700
or
Liam McGrattan, Investor Relations Director
Tel. +353 1 856 1700 Mobile +353 87 274 5427

Corporate Adviser:
St Helen's Capital Plc
Duncan Vasey / Barry Hocken
Tel. +44 207 628 5582

Last Updated ( Wednesday, 05 March 2008 10:39 )