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GREAT WESTERN MINERALS GROUP ENTERS INTO ADVISORY AGREEMENT WITH BYRON SECURITIES
GREAT WESTERN MINERALS GROUP ENTERS INTO ADVISORY AGREEMENT WITH BYRON SECURITIES.
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 ENTERS INTO ADVISORY AGREEMENT WITH BYRON SECURITIES December 13, 2010 - Saskatoon, Canada: Great Western Minerals Group Ltd. (“GWMG” or the “Company”, TSX:V – GWG) announces that it has entered into an advisory agreement (the “Agreement”) with Byron Securities Limited (“Byron”). Byron will, on a non-exclusive basis, facilitate GWMG’s access to capital markets and identify potential acquisition, divestiture or merger targets. In addition, Byron will provide strategic advice intended to maximize shareholder value, assist in strategic marketing initiatives and assist GWMG in structuring future transactions. GWMG will pay Byron a total fee of $360,000, payable in common shares of the Corporation (the “Shares”) in six equal monthly installments of $60,000, beginning December 15, 2010. The issue price of the Shares will be determined by the 10-day VWAP on the last trading day of each month. Jim Engdahl, President and Chief Executive Officer of GWMG said, “Engaging Byron to provide strategic advisory services will be valuable to our Company, given Byron’s knowledge of the Rare Earths industry and the wide array of development options available, as our Company moves toward becoming a fully integrated Rare Earths producer. We anticipate significant activity in this sector over the next year and Byron will be able to assist GWMG in understanding the opportunities and challenges during this time.” Jim EngdahlPresident and CEO 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 Great Western Tec...