29 October 2009
GREAT WESTERN MINING CORPORATION PLC
(the "Company" or "GWMC")
ISSUE OF EQUITY
The Directors of the Company announce that between 19 October 2009 and 27 October 2009 the Company issued a
total of 1,501,628 new ordinary shares of 0.01 each (the 'new Ordinary Shares') at a price of £0.14 or 0.165
each, pursuant to its Open Offer to Shareholders which was initially announced on 4 September 2009 (the "Open
Offer"), which has now closed. The issue of the new Ordinary Shares has raised a total of £213,262.
The new Ordinary Shares will rank pari passu with all existing fully paid Ordinary Shares. The new Ordinary
Shares and the existing Ordinary Shares both have one right to vote per share.
The following table sets out details of the Directors who purchased new Ordinary Shares via the Open Offer,
whose interests need to be disclosed under the Financial Services Authority's Disclosure and Transparency Rules
and the PLUS Rules.
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Name Number of Percentage of Number of new Number of Percentage of
Ordinary Shares the voting Ordinary Shares Ordinary Shares the voting
with one voting rights in the with one voting with one voting rights in the
right each held issued ordinary right each right each held issued ordinary
prior to the share capital of purchased via following the share capital of
Open Offer the Company the Open Offer Open Offer the Company
prior to the following the
Open Offer (%) Open Offer (%)
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Emmett O'Connell 6,201,000 23.18 250,000 6,451,000 22.83
- Chairman and
CEO (including
the Emmett
O'Connell
(Pension Fund)
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Robert O'Connell 4,900,001 18.32 250,000 5,150,001 18.23
- Operations
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Melvyn Quiller - 1,500,995 5.61 200,000 1,700,995 6.02
Executive
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Liam McGrattan - 850,000 3.18 - 850,000 3.01
Investor
Relations
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
Nial Ring - Non- 850,000 3.18 - 850,000 3.01
Executive
Independent
Director
------------------ ------------------ ------------------ ----------------- ------------------- ----------------
The above interests relate to legal and beneficial holdings.
After the issue of the new Ordinary Shares, the Company's total issued capital, with voting rights will
be 28,253,628 Ordinary Shares of 0.01 each. There are no warrants or options in issue.
THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT
---ENDS---
CONTACT DETAILS:
Great Western Mining Corporation plc
Emmett O'Connell Tel: +353 51 565844
Fax: +353 51 565884
email: emmett@iol.ie
Liam McGratten, Director Tel: 087 274 5427
Melvyn Quiller, U.K. Director Tel:0771 289 9588
SVS Securities Plc - PLUS Corporate Adviser
Peter Ward / Alexander Brearley Tel: 020 7638 5600
SVS Securities Plc - Broker
Ian Callaway / Alexander Mattey Tel: 020 7638 5600
ABOUT GREAT WESTERN MINING CORPORATION PLC
1. GWMC is an Irish exploration company with rights over approximately 12 square kilometres of mineral claims
in Nevada U.S.A.
2. GWMC owns 100% interest in all its claims.
3. GWMC's shares are admitted to trading on PLUS-quoted in London, trading symbol GWMO.
4. Web site: www.greatwesternmining.com
Great Western Mining Corporation plc
Great Western Mining Corporation plc
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