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Great Western Mining Corp Plc announces further 1.5 mln Pounds fundraising


Wednesday, 22 Jan 2014 02:01am EST 

Great Western Mining Corp Plc:Says it has raised through XCAP Securities a further 1.5 mln Pounds gross via a placing (the Placing) of 120,000,000 new ordinary shares of 0.01 Euro each (the Placing Shares) at a price of 0.0125 Pounds per ordinary share.Says the funds will enable it to initiate a Phase 2 drilling program on its Target 4 copper-gold prospect.Says the proceeds will allow GWM to progress the two major prospects currently identified in its claim area.Says application will be made to the London Stock Exchange and the Irish Stock Exchange for the placing shares to be admitted to trading on AIM and ESM, with admission expected to occur on Jan. 28. 

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22 May 2015