Key Developments: Great Western Minerals Group Ltd (GWMGF.PK)

GWMGF.PK on OTC Markets Group

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23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Great Western Minerals Group Ltd announces asset sale
Tuesday, 6 May 2014 02:02am EDT 

Great Western Minerals Group Ltd:Enters into agreement to sell redundant manufacturing assets of its subsidiary, Great Western Technologies Inc. (GWTI), effective May 02, 2014.GWMG Board of Directors approved the GWTI closing and redundant asset liquidation on March 20, 2014.Transaction is expected to close during the second quarter of 2014 and proceeds from asset sale will be used to offset a portion of GWTI's existing liabilities, which includes an estimated US$1.2 million facility restoration liability, as well as other lease and closing costs.  Full Article

Great Western Minerals Group Ltd announces subsidiary asset sale
Monday, 5 May 2014 06:55am EDT 

Great Great Western Minerals Group Ltd:Enters into agreement to sell redundant manufacturing assets of its subsidiary, Great Western Technologies Inc (GWTI).Board approved GWTI closing and redundant asset liquidation on March 20.Transaction is expected to close during second quarter of 2014.  Full Article

Great Western Minerals Group Ltd enters into memorandum of understanding for REE Separation Services
Tuesday, 8 Apr 2014 06:55am EDT 

Great Western Minerals Group Ltd:Enters into a non-binding memorandum of understanding (MOU) with an internationally recognized provider for REE separation services.  Full Article

Great Western Minerals Group announces option and JV with Star Minerals on Hoidas Lake Project
Wednesday, 4 Dec 2013 06:55am EST 

Great Western Minerals Group Ltd (GWMG):Says has entered into an option and joint venture agreement with Star Minerals Group Ltd. on the Hoidas Lake Project.Says GWMG and Star entered into a letter of intent with respect to the joint venture agreement on June 4.Says Star has been granted the option, segregated into two tranches, to acquire from GWMG up to a 51 percent participating interest in the Hoidas Lake Project.Says the exercise of the first option to acquire a 25 percent interest is contingent on Star completing an NI 43-101 compliant preliminary economic assessment in respect of the Hoidas Lake Project within two years.Says Star has also been granted the option to acquire an additional 26 percent participating interest, contingent on completing an NI 43-101 compliant feasibility study in respect of the Hoidas Lake Project during the four year period after exercising the first option.Says Hoidas Lake Project is an area comprised of 14 mineral claims totaling about 12,490 hectares and related property in northern Saskatchewan.  Full Article

Great Western Minerals Group Ltd Appoints Thomas G. Mair as Chief Financial Officer
Tuesday, 2 Jul 2013 05:08pm EDT 

Great Western Minerals Group Ltd announced that Thomas G. Mair was appointed Vice President of Finance and Chief Financial Officer effective July 8, 2013. Mr. Mair, who most recently was President and CEO and a board member at Golden Star Resources Ltd, succeeds James G. Davidson, who will be retiring. Mr. Davidson will be staying with the Company for at least the next 90 days for the transition.  Full Article

Great Western Minerals Group Ltd Announces Letter Of Intent With Great Western Minerals For Option And Joint Venture On Hoidas Lake Project
Tuesday, 4 Jun 2013 04:05pm EDT 

Star Uranium Corp. announced that it has entered into a Letter of Intent (LOI) with Great Western Minerals Group Ltd. (GWMG) that sets out the basic terms and conditions by which Star will have the right and option to acquire up to a 51% participating interest (the Interest) in the mineral and other related rights in and to GWMG's Hoidas Lake Rare Earth Project (the Hoidas Lake Project), an area comprised of fourteen mineral claims totaling approximately 12,522 hectares and related property in northern Saskatchewan. Star's right to acquire the Interest will be segregated into two tranches. Star will have the right to acquire a 25% participating interest in the Hoidas Lake Project by funding and completing a preliminary economic assessment in respect of the Hoidas Lake Project within two years. Upon successfully exercising the first tranche and acquiring a 25% participating interest, Star will have the right to acquire a 26% participating interest in the Hoidas Lake Project by funding and completing a feasibility study in respect of the Hoidas Lake Project within four years of the completion of the preliminary economic assessment. The completion of the transaction is subject to the acceptance of the TSX Venture Exchange and all other required approvals and consents.  Full Article

Great Western Minerals Group Ltd Appoints Quinn As Non Executive Chairman-Canada Stockwatch News
Tuesday, 9 Apr 2013 12:07pm EDT 

Canada Stockwatch News reported that Great Western Minerals Group Ltd has elected Robert Quinn as Non-Executive Board Chairman.  Full Article

Great Western Minerals Group Ltd Commences Diamond Drilling at HOB
Tuesday, 2 Apr 2013 06:22pm EDT 

Great Western Minerals Group Ltd announced that diamond drilling has commenced on the Company‚Äôs Home of Bullion (HOB) and Prospect D projects in the Northern Territory.  Full Article

Great Western Minerals Group Ltd Announces Management Changes
Wednesday, 9 Jan 2013 09:33am EST 

Great Western Minerals Group Ltd announced that it has appointed Marc LeVier to the position of President and Chief Executive Officer, subject to regulatory approval. The appointment is effective immediately.  Full Article

Great Western Minerals Group Ltd Announces Resignation Of Chairman
Wednesday, 21 Nov 2012 09:00am EST 

Great Western Minerals Group Ltd announced the resignations of three long-standing Company directors, Gary Billingsley, the Executive Chairman, Jim Engdahl and Bill McKnight. Mr. Billingsley and Mr. Engdahl remain available to the Company on an as required consulting basis to ensure their expertise can be accessed by GWMG through the transition. The Company continues to make steady progress with Chief Executive Officer (CEO) search process that has attracted highly qualified candidates.  Full Article

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