Great Western Minerals Group Extends Expiry Dates of Warrants and Debenture

Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) (PINK SHEETS:GWMGF) announced that it has extended the expiry date of an aggregate of 750,000 common share purchase warrants originally issued on June 27, 2008 in connection with the acquisition of Less Common Metals Limited.

The press release is quoted as saying:

The expiry date of the Warrants has been extended from June 27, 2010 to June 27, 2011 and all other terms of the Warrants remain unamended, including the exercise price of $0.30. The amendments to the Warrants are subject to the approval of the TSX Venture Exchange. GWMG also announced that it has extended the term of a secured convertible debenture with an initial principal amount (the “Principal Amount”) of USD$181,370 (the “Debenture”) originally issued on August 25, 2009.

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