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 31, 2008
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 $0.07 for a period of one year from the date of closing. The private placement is subject to regulatory approval and all shares issued under the private placement will be subject to a four-month hold period from the date of closing. A finder?s fee will be paid and broker?s warrants issued on a portion of the private placement.
The proceeds of the private placement will be used for continued assessment of the Tilemsi project, corporate purposes and investor relations.
ON BEHALF OF THE BOARD OF DIRECTORS
OF GREAT QUEST METALS LTD.
Willis W. Osborne
President
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Great Quest Metals Ltd
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EXPLORATION STAGE |
CODE : GQ.V |
ISIN : CA3909121038 |
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Great Quest Metals is a gold and copper development stage company based in Canada. Great Quest Metals holds various exploration projects in Mali. Its main exploration properties are KENIETI, BOURDALA, KENIEBA, TIN HINA and SANOULOU in Mali and TASEKO in Canada. Great Quest Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 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. |