Great Quest Directors Sell Stock to Participate in Private Placement
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX Venture Exchange: GQ), wishes to advise that three of its Directors have sold 550,000 shares through the facilities of the TSX Venture Exchange at a price of $0.57 per share. With the proceeds from this sale, these three Directors will subscribe for 550,000 units of the Company's ongoing $880,000 private placement at a price of $0.55 per share.
The proceeds of the private placement will be used for drilling on the Djambaye 2 gold zone, as well as other targets, in the Kenieba concession, exploration surveys on other Company concessions, all located in western Mali, West Africa, concession option payments, administration and investor relations.
ON BEHALF OF THE BOARD OF DIRECTORS
"Willis W. Osborne"
Willis W. Osborne,