04:08 PM EST - Great Western Minerals Group Ltd. : said that it has entered into an option agreement with a third party to acquire a 100% working interest in a Rare Earth Elements property in the Province of New Brunswick. The agreement is subject to regulatory approval. Under the deal, GWMG will pay to the vendor an amount of $5,000 plus 100,000 shares of GWMG on signing. The company will pay $10,000 plus 50,000 shares on the first anniversary, $30,000 on the second anniversary, $50,000 on the third anniversary, $100,000 on the fourth anniversary, with a final payment of $300,000 on the fifth anniversary date. Great Western Minerals Group Ltd.
shares V.GWG are trading up 5.88 percent at $0.09.
