PricewaterhouseCoopers Inc., the court appointed monitor of Great Western Minerals Group Ltd., announced that it has filed an assignment in bankruptcy under the Bankruptcy and Insolvency Act on behalf of the Company. Extension of Stay Period and Authorization to File an Assignment in Bankruptcy On November 30, 2015, the Ontario Superior Court of [...]
Great Western Minerals announced today that, on a motion by the Ad Hoc Committee of holders of the Company's US$90 million 8.00 percent Secured Convertible Bonds due 2017, the Ontario Superior Court of Justice – Commercial List today granted an order expanding the powers and duties of PricewaterhouseCoopers Inc., the Court-appointed monitor in the [...]
Great Western Minerals today announced that the Company's principal regulator, the Financial and Consumer Affairs Authority of Saskatchewan has issued a cease trade order which ceases all trading in securities of the Company until GWMG files the Reporting Documents. Previously, on March 30, 2015, the Company announced that it would be unable to [...]
Great Western Minerals announces that the sale and investor solicitation process has been initiated with respect to GWMG. Pursuant to the previously announced support agreement dated April 29, 2015 between the Company and certain holders of the Company's US$90 million 8.00 percent Secured Convertible Bonds due 2017 (the "Convertible Bonds"), a [...]
Great Western Minerals announces that it has entered into a support agreement with holders of approximately 65.3% of its US$90 million 8.00 percent Secured Convertible Bonds due 2017 pursuant to which the Company, with the support of the Supporting Bondholders, will pursue an orderly process for the solicitation of interests in the Company's [...]
Great Western Minerals Group provides this bi-weekly update in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults. On March 30, 2015, the Company announced that, for the reasons disclosed in the Default Announcement, it would be unable to file its audited, consolidated annual financial statements for the [...]
Great Western Minerals provides an update regarding its US$90 million 8.00 percent Secured Convertible Bonds due 2017 governed by the trust deed dated April 5, 2012 between the Company and Wilmington Trust (London) Limited as trustee. As previously announced, the Company did not make the interest payment on the Convertible Bonds of approximately [...]
Great Western Minerals Group provides this bi-weekly update in accordance with National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure Defaults. On March 30, 2015, the Company announced that, for the reasons disclosed in the Default Announcement, it would be unable to file its audited annual financial statements for the year ended [...]
Great Western Minerals provides an update regarding its US$90 million 8.00 percent Secured Convertible Bonds due 2017 governed by the trust deed dated April 5, 2012 between the Company and the trustee, Wilmington Trust (London) Limited. The Company did not make the interest payment on the Convertible Bonds of approximately C$4.5 million (US$3.6 [...]
SASKATOON, SK--(Marketwired - Mar 30, 2015) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE: GWG) (OTCQX: GWMGF) provides an update regarding its cash position and discussions with a steering committee of holders (the "Steering Committee") of its US$90 million 8.00 percent Secured Convertible Bonds due 2017 (the [...]
SASKATOON, SK--(Marketwired - Nov 13, 2014) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE: GWG) (OTCQX: GWMGF), a leader in the manufacture and supply of rare earth element-based metal alloys and developer of a low cost, high-grade critical rare earth element mineral property in the Western Cape province of South Africa [...]
SASKATOON, SK--(Marketwired - Oct 6, 2014) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE: GWG) (OTCQX: GWMGF), a leader in the manufacture and supply of rare earth element-based metal alloys and holder of a low cost, high-grade critical rare earth element mineral property in the Western Cape province of South Africa [...]
