GREAT QUEST
Suite 515, 475 Howe Street Vancouver, BC, Canada V6C 2B3 | Tel: 604-689-2882 Website: www.greatquest.com Fax: 604-684-5854 Email: info@greatquest.com |
December 4, 2008
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 $0.08.
Under TSX Venture Exchange policy, when the Warrant terms are amended, the length of the exercise period must be shortened to 30 days, if, for ten consecutive trading days, the Premium Trading Days, the closing price of the Listed Shares exceeds the revised exercise price by the applicable Private Placement Discount of 25%. The 30 day period will commence seven calendar days after the tenth Premium Trading Day.
ON BEHALF OF THE BOARD OF DIRECTORS
OF GREAT QUEST METALS LTD.
Willis W. Osborne
President
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Great Quest Metals Ltd
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EXPLORATION STAGE |
CODE : GQ.V |
ISIN : CA3909121038 |
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Great Quest Metals is a gold and copper development stage company based in Canada. Great Quest Metals holds various exploration projects in Mali. Its main exploration properties are KENIETI, BOURDALA, KENIEBA, TIN HINA and SANOULOU in Mali and TASEKO in Canada. Great Quest Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 537 200 as of today (US$ 429 519, € 407 640). Its stock quote reached its highest recent level on May 27, 2011 at CA$ 4.88, and its lowest recent point on August 11, 2023 at CA$ 0.01. Great Quest Metals has 53 720 000 shares outstanding. |