Great Western Minerals Group Closes Private Placement to Purchase 20.8% of Rare Earth Extraction Co. Limited Shares

- September 9th, 2010

Great Western Minerals Group Ltd. (CVE:GWG) announced that it has closed a private placement of $3,000,000 (Cdn.) of secured subordinated debentures of the Company, subject to regulatory approval.

Great Western Minerals Group Ltd. (TSXV:GWG) announced that it has closed a private placement of $3,000,000 (Cdn.) of secured subordinated debentures of the Company, subject to regulatory approval.

The press release is quoted as saying:

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 Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements.

Click here to access the entire press release

Click here to access Great Western Minerals Group Ltd. Corporate Site

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