12:11 PM EST - Great Western Minerals Group Ltd. : announced that it has signed a non-binding Letter of Intent to acquire all of the issued and outstanding shares of Less Common Metals Ltd. The purchase price of this acquisition is Pounds Sterling 4,000,000 or approximately C$7,800,000, with closing anticipated on 18 June 2008. Great Western Minerals Group Ltd.
shares V.GWG are trading up 23.4 percent at $0.29.
