Great Quest Announces $550,000 Private Placement

Author: Great Quest | | Categories: 2006

VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX Venture Exchange: GQ), is pleased to announce a private placement of 1,000,000 units at $0.55 per unit for total proceeds of $550,000, subject to regulatory approval. Each unit consists of one common share and one half of a transferable share purchase warrant. Each full warrant entitles the holder to purchase one additional share in the Company's capital stock at $0.65 for a period of two years from closing. All shares issued under this private placement are subject to a four month hold period from closing. The proceeds of the private placement will be used for drilling on the Djambaye 2 gold zone in the Kenieba concession, western Mali, West Africa, concession option payments, administration and investor relations.

Great Quest will be presenting its projects at Booth #819 in the upcoming 2006 Vancouver Resource Investment Conference being held January 22 and 23, 2006.

ON BEHALF OF THE BOARD OF DIRECTORS

"Willis W. Osborne"
Willis W. Osborne,
President


Read More Blog Articles

Top