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Great Western Minerals Group Ltd.

09:48 AM EST - Great Western Minerals Group Ltd. : has entered into a support agreement with holders of approximately 65.3% of its $90 million U.S. 8.00% 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 business, property and assets pursuant to a sale and investor solicitation process to be implemented pursuant to proceedings commenced by the Company under the Companies' Creditors Arrangement Act. Great Western Minerals Group Ltd. shares V.GWG are trading unchanged at $0.01.