GTE March 2015 Qrtly
ASX Release
05 June 2015
Great Western Exploration Limited
ABN 53 123 631 470
ASX Code: GTE
Success starts with Opportunity
GTE is an experienced exploration company focussed on the discovery of high value base metal, nickel and gold deposits.
Contact Details:
Level 2, 35 Outram Street, West Perth. 6005
PO Box 8142, Subiaco 6008
T: (08) 6489 0101
F: (08) 6313 3997
[email protected] www.greatwesternexploration.com.au
Board of Directors
Kevin Somes - Chairman
Jordan Luckett - Managing Director Craig Mathieson - Non-Executive Terry Grammer - Non-Executive
Kel Edwards - Company Secretary
Share Placement
The Board of Great Western Exploration Limited (GTE: "the Company") wishes to announce that it has agreed to place of up to 10,600,000 ordinary fully paid shares, with a free attaching option exercisable at $0.05 per share and expiring 30 June 2016.
The shares are at an issue price of $0.01 per share to raise $106,000 with funds used for additional working capital.
The issue pursuant to the Company's available
capacity under ASX Listing Rule 7.1.
As previously announced in the March quarterly report the Company is actively seeking an acquisition of an advanced project, predominantly focusing on nickel or zinc. The Company is also continuing work at the New Springs nickel sulphide prospect in WA.
The funds will allow this work to continue.
J A Luckett
Managing Director