VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce a private placement of 3,000,000 units at $0.04 per unit, consisting of one common share and one half of a transferable share purchase warrant, for total proceeds of $120,000. Each full warrant will entitle the holder to purchase one additional share in the Company's capital stock at $0.07 for a period of one year from the date of closing. The private placement is subject to regulatory approval and all shares issued under the private placement will be subject to a…
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Great Quest Announces $120,000 Private Placement
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Great Quest Announces $120,000 Private Placement
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce a private placement of 3,000,000 units at $0.04 per unit, consisting of one common share and one half of a transferable share purchase warrant, for total proceeds of $120,000. Each full warrant will entitle the holder to purchase one additional share in the Company's capital stock at $0.07 for a period of one year from the date of closing. The private placement is subject to regulatory approval and all shares issued under the private placement will be subject to a…
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Grant of New Stock Options, Cancellation and Re-Issuance of Existing Stock Options
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), wishes to report that the Company's Board of Directors has approved the issuance of stock options to directors, officers and consultants, effective December 30, 2008, for the purchase of 450,000 common shares of the Company at a price of $0.10 per share, exercisable until December 30, 2013. Also, the Board of Directors has approved the cancellation of 1,525,000 existing stock options held by directors, officers and consultants of the Company and has granted new options to these optionees on 1,525,000 at an exercise price of…
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Grant of New Stock Options, Cancellation and Re-Issuance of Existing Stock Options
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), wishes to report that the Company's Board of Directors has approved the issuance of stock options to directors, officers and consultants, effective December 30, 2008, for the purchase of 450,000 common shares of the Company at a price of $0.10 per share, exercisable until December 30, 2013. Also, the Board of Directors has approved the cancellation of 1,525,000 existing stock options held by directors, officers and consultants of the Company and has granted new options to these optionees on 1,525,000 at an exercise price of…
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Great Quest Granted Extension to January 31, 2009 on the Exercise of Tilemsi Phosphate Acquisition
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Company, along with its Partner Mali Mining House SA, has been granted an extension to January 31, 2009 on the requirement to post the $1.5 million purchase price to acquire the Tilemsi phosphate project. Originally, as announced on November 24, 2008, the Company was given until December 15, 2008. Great Quest had requested the extension due to the volatility of the markets and the general difficult financing situation for mineral exploration companies during the current global slowdown of…
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Great Quest Amends Warrant Terms
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Company has made an application to the TSX Venture Exchange to amend the Warrant terms for 1,415,925 Warrants expiring on December 18 and 19, 2008 at an exercise price of $0.40 per share. Upon receiving TSX Venture Exchange approval, the above Warrants will expire on March 19, 2009 at an exercise price of $0.08. Under TSX Venture Exchange policy, when the Warrant terms are amended, the length of the exercise period must be shortened to 30 days, if, for…
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Great Quest Amends Warrant Terms
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Company has made an application to the TSX Venture Exchange to amend the Warrant terms for 1,415,925 Warrants expiring on December 18 and 19, 2008 at an exercise price of $0.40 per share. Upon receiving TSX Venture Exchange approval, the above Warrants will expire on March 19, 2009 at an exercise price of $0.08. Under TSX Venture Exchange policy, when the Warrant terms are amended, the length of the exercise period must be shortened to 30 days, if, for…
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Great Quest Receives Further Approvals for Tilemsi Phosphate Project
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the Malian Government issued its definitive letter dated November 21, 2008 declaring that the Company is the successful bidder for the Tilemsi Phosphate Project. The Company entered a bid and tender process with six other companies in which Great Quest scored 23 out of 30 points, with the next closest bidder receiving 10. The award is conditional upon the Company coming to agreement with the Malian Government on the details of the purchase. The Malian Government is requiring that the…
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Great Quest is Granted the Right to Acquire a Majority Interest in the Tilemsi Phosphate Project in Mali
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is very pleased to announce that in last week's meeting of the Cabinet of Ministers in the Malian Government, authorization was given to Mr. Ahmadou Abdoulaye Diallo, the Minister of the Economy, Industry and Commerce, to complete exclusive negotiations with Great Quest and its partners for the acquisition of the Tilemsi phosphate project. The Tilemsi project consists of three phosphate deposits, which aligned, from northwest to southeast, include the Tamaguilelt, Chanamaguel and Tin Hina. The Tamaguilelt is located 105 kilometres northeast of the town…
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Great Quest is Granted the Right to Acquire a Majority Interest in the Tilemsi Phosphate Project in Mali
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is very pleased to announce that in last week's meeting of the Cabinet of Ministers in the Malian Government, authorization was given to Mr. Ahmadou Abdoulaye Diallo, the Minister of the Economy, Industry and Commerce, to complete exclusive negotiations with Great Quest and its partners for the acquisition of the Tilemsi phosphate project. The Tilemsi project consists of three phosphate deposits, which aligned, from northwest to southeast, include the Tamaguilelt, Chanamaguel and Tin Hina. The Tamaguilelt is located 105 kilometres northeast of the town…
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Great Quest Announces Results of the 2008 Drill Program on the Taseko Property
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the results from the 2008, 10 hole, 1,567 metre drill program conducted on the Company's copper-gold-molybdenum property, 225 kilometres north of Vancouver, BC. Below are the results of drilling, which took place east of the copper-gold Empress deposit: Drill Hole Interval Width Gold Copper Number (metres) (metres) (grams per tonne) (%) 08-67 100.23 - 124.00 23.77 0.286 0.50 Including 102.00 - 110.00 8.00 0.724 1.08 And 116.00 - 124.00 8.00 0.115 0.32 08-68 100.00 - 103.14 3.14 0.075 0.26 Dyke 103.14 - 111.10 7.96 111.10 - 186.84 75.74 0.149 0.20 Including 111.10 - 123.00 11.90 0.186 0.32 And 171.00 - 186.84 15.84 0.244 0.35 08-71 20.36 - 28.00 7.64 0.183 0.25 85.85 - 106.00 20.15 0.290 0.41 08-72 18.00 - 84.73 66.73 0.174 0.16 Including 39.43 - 49.65 10.22 0.313 0.29 122.00 - 133.26 11.26 0.228 0.33 Dyke 133.26 - 143.45 10.19 143.45 - 168.58 25.13 0.207 0.27 Including 143.45 - 157.00 13.55 0.285 0.35 Drill Hole 08-67 was drilled 60 metres…
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Great Quest Announces Results of the 2008 Drill Program on the Taseko Property
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the results from the 2008, 10 hole, 1,567 metre drill program conducted on the Company's copper-gold-molybdenum property, 225 kilometres north of Vancouver, BC. Below are the results of drilling, which took place east of the copper-gold Empress deposit: Drill Hole Interval Width Gold Copper Number (metres) (metres) (grams per tonne) (%) 08-67 100.23 - 124.00 23.77 0.286 0.50 Including 102.00 - 110.00 8.00 0.724 1.08 And 116.00 - 124.00 8.00 0.115 0.32 08-68 100.00 - 103.14 3.14 0.075 0.26 Dyke 103.14 - 111.10 7.96 111.10 - 186.84 75.74 0.149 0.20 Including 111.10 - 123.00 11.90 0.186 0.32 And 171.00 - 186.84 15.84 0.244 0.35 08-71 20.36 - 28.00 7.64 0.183 0.25 85.85 - 106.00 20.15 0.290 0.41 08-72 18.00 - 84.73 66.73 0.174 0.16 Including 39.43 - 49.65 10.22 0.313 0.29 122.00 - 133.26 11.26 0.228 0.33 Dyke 133.26 - 143.45 10.19 143.45 - 168.58 25.13 0.207 0.27 Including 143.45 - 157.00 13.55 0.285 0.35 Drill Hole 08-67 was drilled 60 metres…
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Annual General Meeting - $360,000 Private Placement Closes
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that the Company held its Annual General Meeting on June 5, 2008, at which time Willis W. Osborne, Victor J.E. Jones, Scott B. Hean, Mahamadou Keita, and Robert Veitch were elected to the Company's board of directors. The following persons were appointed as officers: Victor J.E. Jones as Chairman and Chief Financial Officer, Willis W. Osborne as President and Chief Executive Officer, Mahamadou Keita as Vice President of Exploration and Jennifer Nestoruk as Secretary. The Company's Stock Option Plan received the approval of…
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Annual General Meeting - $360,000 Private Placement Closes
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), reports that the Company held its Annual General Meeting on June 5, 2008, at which time Willis W. Osborne, Victor J.E. Jones, Scott B. Hean, Mahamadou Keita, and Robert Veitch were elected to the Company's board of directors. The following persons were appointed as officers: Victor J.E. Jones as Chairman and Chief Financial Officer, Willis W. Osborne as President and Chief Executive Officer, Mahamadou Keita as Vice President of Exploration and Jennifer Nestoruk as Secretary. The Company's Stock Option Plan received the approval of…
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Great Quest'S 2008 Drill Program On The Taseko Property To Start By July 7, 2008
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the start of the 2008 summer drill program on the copper-gold-molybdenum Taseko property, 225 km north of Vancouver, BC, by Monday, July 7, 2008. The objective of the program is to increase the mineral resource in the Empress deposit and start building a mineral resource in the Granite Creek and Buzzer areas. The Company plans to drill-test four targets, which include molybdenum in the Granite Creek zone, copper-gold in and around the Empress deposit and copper-molybdenum-gold west of the Buzzer…
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Great Quest'S 2008 Drill Program On The Taseko Property To Start By July 7, 2008
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce the start of the 2008 summer drill program on the copper-gold-molybdenum Taseko property, 225 km north of Vancouver, BC, by Monday, July 7, 2008. The objective of the program is to increase the mineral resource in the Empress deposit and start building a mineral resource in the Granite Creek and Buzzer areas. The Company plans to drill-test four targets, which include molybdenum in the Granite Creek zone, copper-gold in and around the Empress deposit and copper-molybdenum-gold west of the Buzzer…
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Great Quest to Start Drill Program on Taseko Property in early July
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the 2008 summer drill program on the copper-gold-molybdenum Taseko property, 225 km north of Vancouver, BC, will start in early July. The objective of the program is to increase the mineral resource in the Empress deposit and start building a mineral resource in the Granite Creek and Buzzer areas. The Company plans to drill-test four targets, which include molybdenum in the Granite Creek zone, copper-gold in and around the Empress deposit and copper-molybdenum-gold west of the Buzzer zone. Molybdenum in…
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Great Quest to Start Drill Program on Taseko Property in early July
VANCOUVER, BC -- Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce that the 2008 summer drill program on the copper-gold-molybdenum Taseko property, 225 km north of Vancouver, BC, will start in early July. The objective of the program is to increase the mineral resource in the Empress deposit and start building a mineral resource in the Granite Creek and Buzzer areas. The Company plans to drill-test four targets, which include molybdenum in the Granite Creek zone, copper-gold in and around the Empress deposit and copper-molybdenum-gold west of the Buzzer zone. Molybdenum in…
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Great Quest Arranges $360,000 Private Placement
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce a private placement for 3,000,000 units priced at $0.12 per unit for total proceeds of $360,000, subject to regulatory approval. Each unit consists of one common share of the Company's capital stock and one half of a share purchase warrant. Each full warrant entitles the holder to purchase one additional share of the Company's capital stock at a price of $0.20 for one year from closing. A finder's fee will be paid on a portion of the private placement. All…
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Great Quest Arranges $360,000 Private Placement
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSXV: GQ; Frankfurt: GQM), is pleased to announce a private placement for 3,000,000 units priced at $0.12 per unit for total proceeds of $360,000, subject to regulatory approval. Each unit consists of one common share of the Company's capital stock and one half of a share purchase warrant. Each full warrant entitles the holder to purchase one additional share of the Company's capital stock at a price of $0.20 for one year from closing. A finder's fee will be paid on a portion of the private placement. All…
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