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GREAT WESTERN MINERALS GROUP RECEIVES TSXV APPROVAL TO EXTEND WARRANTS
GREAT WESTERN MINERALS GROUP RECEIVES TSXV APPROVAL TO EXTEND WARRANTS.
About this update from Great Western Minerals Group Ltd
[{"type":"text","content":"GREAT WESTERN MINERALS GROUP LTD. TSX Venture Symbol: GWG CUSIP: 39141Y 10 3OTCQX: GWMGF GREAT WESTERN MINERALS GROUP RECEIVES TSXV APPROVAL TO EXTEND WARRANTS (October 11, 2012) - Saskatoon, Canada: Great Western Minerals Group Ltd. (\"GWMG\" or the \"Company\", TSX:V - GWG) today announced that it has received approval from the TSX Venture Exchange (the “TSXV”) for an extension of the expiry date of certain of GWMG’s outstanding common share purchase warrants (the “Warrants”). GWMG has received TSXV approval for the extension of the expiry date from October 19, 2012 (Note: the original expiry date was stated incorrectly in GWMG’s October 9, 2012 news release) to December 15, 2012 for 41,413,723 Warrants having an exercise price of $0.45 per Warrant. The exercise price of the Warrants remains unchanged. Warrant holders will receive notice advising them of the extension to the term of the Warrants. Warrant holders will not be issued replacement Warrant certificates and the Warrant holders will be required to present the original Warrant certificates in order to effect the exercise of such Warrants. Great Western Minerals Group Ltd. is an integrated rare earth 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 Technologies Inc. in Troy, Michigan, these alloys contain aluminum, nickel, cobalt and rare earth elements. As part of the Company’s vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which owns a 74% equity interest in the Steenkampskraal Mine in South Africa. In addition to an exploration program at Steenkampskraal, GWMG also holds interests in four active rare earth exploration and development properti...