Great West Gold, Inc. (OTCBB:GWGO) closed down at 9.09%, trading 289,175,100 shares on Monday.
Great West Gold, Inc., www.greatwestgold.com, is a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. Great West Gold, Inc. has disposed of each if its five Gold Mining Exploration interests to five new Gold Mining Exploration Companies. Great West Gold, Inc, has disposed of 49% of each of its interests in these five new Mining Exploration Companies to five new Public Companies in the United Kingdom and is distributing all of its direct shareholdings in those new United Kingdom Public Companies to Great West Gold, Inc. shareholders. Each of the five United Kingdom Public companies will be immediately admitting their Ordinary Shares for trading on a "third tier" market in the United Kingdom, obtaining an immediate dual listing on the OTC Pink Sheets Market as a " Foreign Issuer" and instituting an Level I American Depositary Receipt ("ADR") Programme. The new Rules and Regulations of the OTC Pink Sheets Market permit the immediate admission of Ordinary Shares and ADR's of "Foreign Issuers" to its Market through an "Unsolicited Trade". Great West Gold, Inc. will continue to hold interests in the five Gold Mining Exploration companies through its 71.43% shareholding in Western Diversified Mining Resources, Inc.
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