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GREAT WESTERN MINERALS GROUP ADDED TO RUSSELL GLOBAL INDEX; RANKS IN TOP 3% IN CANADIAN BUSINESS MAGAZINE RESOURCE INDEX
GREAT WESTERN MINERALS GROUP ADDED TO RUSSELL GLOBAL INDEX; RANKS IN TOP 3% IN CANADIAN BUSINESS MAGAZINE RESOURCE INDEX.
About this update from Great Western Minerals Group Ltd
[{"type":"text","content":"GREAT WESTERN MINERALS GROUP LTD. NEWS RELEASE TSX Venture Symbol: GWG CUSIP: 39141Y 10 3OTCQX: GWMGF GREAT WESTERN MINERALS GROUP ADDED TO RUSSELL GLOBAL INDEX; RANKS IN TOP 3% IN CANADIAN BUSINESS MAGAZINE RESOURCE INDEX June 29, 2011 – Saskatoon, Canada: Great Western Minerals Group Ltd. (“GWMG” or the “Company”, TSX:V – GWG) was added to the Russell Global Index when Russell Investments reconstituted its comprehensive set of global equity indexes on June 24, 2011. Membership in the Russell Global Index, which remains in place for one year, is widely used by investment managers and institutional investors for index funds and as benchmarks. US$3.9 trillion in institutional assets currently are benchmarked to the Russell Global Fund. Earlier in June, GWMG was also recognized as one of the best performing stocks in the Canadian resource sector being ranked 14th best in year-over-year return (as at April 1) of 300 small cap companies listed in Canadian Business magazine. Within the full list of 500 companies of all market cap sizes in the “Investor 500 Overview” , GWMG still ranked near the top, in 15th place with a year-over-year return of 341.0%. “The inclusion of GWMG in the Russell Global Index is one more indicator that our Company is accelerating its market recognition as it executes its business plan to move into Rare Earth production by early 2013,” said GWMG President and Chief Executive Officer Jim Engdahl. “As well, being ranked in the top 3% of 500 companies by Canadian Business magazine illustrates the value GWMG, as part of the Rare Earth sector, has delivered.” Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Grea...