Open Offer to Shareholders

Great Western Mining Corporation plc (the "Company") Open Offer to Shareholders The Company posted the following letter and application form to shareholders on 29 August 2009. CHAIRMAN'S LETTER. Dear Shareholder, As you would be aware from the recent annual report for 2008 sent to shareholders, and from the subsequent well attended annual general meeting, much progress has been made in raising the exploration profile of Great Western Mining Corporation's mineral leases in Mineral County, Nevada. On receipt of a Competent Person's Report, your Directors have decided to move forward with the next phase of strategic lease acquisition, geophysical testing, mapping and a limited core drilling programme, with the near term objective of establishing a low cost heap leach operation from the high grade copper skarn deposits. To finance this expanded exploration programme, the company is making an open offer to shareholders of 15,000,000 new shares at STG 14 pence per share to raise a maximum of £2,100,000 before expenses. Terms and conditions of the open offer are contained in the attached memorandum. As in all exploration, this is a speculative venture and only those who can afford the risk involved should consider further investment. Your Directors believe our company has promising prospect with considerable upside potential and scope. World demand for industrial and precious metals as well as uranium continues to grow even in a difficult business climate. Deposits of such in politically secure regions of the world should attract premium prices. I look forward to corresponding with you again with an update before year end. With best regards, Sincerely, Emmett O'Connell Chairman. GREAT WESTERN MINING CORPORATION PLC ("the Company") Registered Office: 6 Northbrook Road, Dublin 6 APPLICATION FORM THIS APPLICATION FORM IS PERSONAL TO THE INDIVIDUAL NAMED ON THE ENVELOPE IN WHICH IT IS ENCLOSED. IT MAY NOT BE ASSIGNED OR TRANSFERRED. IT IS NOT A NEGOTIABLE DOCUMENT AND CANNOT BE TRADED. IT DOES NOT COMPRISE AN OFFER OR INVITATION TO THE PUBLIC TO SUBSCRIBE FOR SHARES. APPLICATION FORMS ARE ONLY BEING SENT TO EXISTING SHAREHOLDERS AND IN THE CASE OF ALL OF THE SHARES OFFERED NOT BEING SUBSCRIBED FOR BY EXISTING SHAREHOLDERS, TO A LIMITED NUMBER OF PERSONS KNOWN TO THE COMPANY OR TO ITS COMPANY BROKER. INVESTMENT IN THE COMPANY IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK. ONLY THOSE WHO CAN AFFORD THE ENTIRE LOSS OF THEIR INVESTMENT SHOULD CONSIDER APPLYING. COMPANY DIRECTORS HAVE UNDERTAKEN TO SUBSCRIBE FOR 700,000 SHARES AT THE ISSUE PRICE AND TO HOLD THESE SHARES FOR A MINIMUM PERIOD OF ONE YEAR UNLESS AN OFFER IS MADE FOR THE WHOLE OF THE COMPANY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU ARE RECOMMENDED TO CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR IMMEDIATELY. THE COMPANY IS AT PRESENT TRADED ON THE PLUS MARKET IN LONDON. UPON COMPLETION OF THIS OFFER SUBJECT TO AND IN ACCORDANCE WITH PLUS REGULATIONS, NEW SHARES WILL TRADE PARI-PASSU WITH EXISTING SHARES. GREAT WESTERN MINING CORPORATION PLC PRESENTS AN OPEN OFFER TO SHAREHOLDERS ON A "FIRST COME, FIRST SERVED" BASIS OF UP TO MAXIMUM (WITH NO MINIMUM) 15,000,000 NEW ORDINARY SHARES OF €0.01 CENT EURO PAR VALUE ("ORDINARY SHARES") AT STG£0.14 PENCE PER SHARE TO RAISE MAXIMUM OF STG£2,100,000 PAYABLE IN FULL ON APPLICATION NOT LATER THAN 5.00PM ON 14th DAY OF SEPTEMBER 2009. THIS OFFER CAN CLOSE AT ANY TIME PRIOR TO THE 14th DAY OF SEPTEMBER 2009 PROVIDED THE MAXIMUM SUBSCRIPTION OF SHARES IS APPLIED FOR. IF ANY DELAY OR INTERUPTION OF MAIL SERVICES, CLOSING DATE CAN BE EXTENDED FOR SEVEN DAYS. PROCEEDS OF THE OFFER WILL BE USED AS DEVELOPMENT CAPITAL TO EQUIPE AND EXPAND THE COMPANY'S EXPLORATION PROGRAMME DETERMINED BY THE DIRECTORS AND FOR GENERAL CORPORATE PURPOSES. Application Form Great Western Mining Corporation plc 1. I/We the undersigned on the date of record being the 26th day of August 2009, irrevocably apply for new Ordinary shares in the Company and enclose herewith a cheque/bankers draft for Stg£ being a subscription for __________ new Ordinary Shares at Stg£0.14 pence per share. 2. I/We acknowledge that the Company reserves the right to treat any application not complying strictly with the terms and conditions of application as nevertheless valid. 3. I/We agree to accept the shares issued to me subject to the Memorandum & Articles of Association of the Company. I/We also accept that shares will be issued on a first come/first served basis and that the Company shall be entitled to accept my application whether in whole or in part and if the Company accept it in part only the balance of any subscription monies not accepted will be returned to me by post at my risk. 4. This application is irrevocable. 5. I/We request and authorise the Company to send me a definitive Share Certificate in respect of the share for which this application is accepted to me at the address set out below and to procure my name to be placed on the register of members of the Company as holder of the shares issued to me. 6. I/We warrant that I/we are not a United States person(s) or resident(s) and further I/We warrant that I/we am/are not applying on behalf of any United States person or resident of Canada or Australia and am/are not applying with a view to re-offering, re-selling, transferring or delivering any of the new Ordinary Shares which are the subject of this application to or for the benefit of a United States person or resident of Canada or Australia. 7. A Definitive Share Certificate will be posted by ordinary post to the recipient within 30 days from the date of the closing of the offer. 8. I/We authorise the Company to present the enclosed cheque or banker's draft on receipt and I/we represent and warrant that the cheque or banker's draft will be honoured on first presentation. 9. Commission of 5% will be paid on all applications bearing a Stamp and VAT Number of an authorised investment intermediary. Application Form Great Western Mining Corporation plc This page is an integral part of the application form. Signed PLEASE PRINT IN CAPITAL LETTERS Name: Address: Dated this day of 2009 N O T E S : - 1. If you wish to apply for any new Ordinary Shares you should complete, date and sign this application form and send it, together with the appropriate remittance to GREAT WESTERN MINING CORPORATION PLC C/O JOHN O'CONNOR SOLICITORS, 168 PEMBROKE ROAD, BALLSBRIDGE, DUBLIN 4 so as to be received no later than 5.00pm on 14th day of September 2009 or sooner, first come, first served. 2. A corporation should execute this application form under it's common seal or under the hand of a duly authorised officer who should state his/her capacity. In the case of joint holders all must sign. 3. If this application form is signed under a power of attorney, such power of attorney or a duly certified copy thereof must accompany this application form. 4. All documents or remittances sent by or to an applicant, or as he/she may direct will be sent through the post at his/her risk to the address shown above. 5. No person receiving this application form in any territory other than Ireland may treat the same as constituting an invitation or offer to him/her nor should he/she in any event use such application form unless in the relevant territory such invitation or offer could lawfully be made to him/her or such application form could lawfully be used without contravention of any registration or other legal requirements. Any person outside Ireland wishing to apply for new Ordinary Shares must satisfy himself/herself as to full observance of the laws of any relevant territory in connection therewith, including obtaining any requisite governmental or other consents, observing any other requisite formalities and pay any issue transfer or other taxes due in such territories. 6. It is estimated that new share registration, postage, printing and legal fees of €20,500 will apply in total, excluding commissions. Open Offer to Shareholders Great Western Mining Corporation plc ___________________________________________________________________________________________________ Authorised Share Capital: €100,000,000 Issued Share Capital: €26,752,000 ordinary shares ordinary shares par value €0.01 par value €0.01 The Offering: 15,000,000 Ordinary Shares of €0.01 par value @ £0.14 pence sterling to raise a maximum Stg£2,100,000 before expenses. If the issue is oversubscribed, the Directors at their discretion can extend a "green-shoe" allotment of 1,500,000 shares over the maximum figure of 15,000,000 shares. This is an Open Offer intended only for shareholders on the Company's Register as of the date of this mailing. Although the shares are traded on the PLUS Markets in London, this is a Speculative Enterprise. Only those investors who can afford to lose all of their investment should consider investing. If in doubt, you are recommended to consult your stockbroker, bank manager, solicitor, accountant or other professional advisor immediately. Any shares not taken up by shareholders will be offered to non-members of the Company on the same terms and conditions, at the discretion of the Directors. Directors have undertaken to subscribe for 700,000 of the offering and to hold these shares for a minimum of one year unless an offer is made for the whole of the Company. Purpose: To cover continuing exploration program on existing mining claims and prospects in the state of Nevada currently held by the Company, and any further additional claims and general corporate purposes. Future Plans: To further develop our portfolio of mining claims with a targeted program of surface sampling, geologic mapping, geophysical surveys and a number of test bore holds. Depending on results, a test model of production facilities maybe erected. I/we wish to subscribe for ____________ shares @ Stg£0.14 pence per share for a total of Stg£____________ (cheque attached). Share Certificate to be delivered within 30 days from close of offer Mail to: Great Western Mining Corporation plc c/o John O'Connor Solicitors, 168 Pembroke Road, Dublin 4. Signed______________________________ PLEASE PRINT NAME IN CAPITAL LETTERS Name __________________________________ Address _______________________________________________________________________________ Dated this ________day of __________________ 2009 Notes Payment may be made in Euro if more convenient at the exchange rate of Stg£1 = €1.17 i.e. one share in Euro = 16.5 cents 10,000 shares = €1,650 50,000 shares = €8,250 100,000 shares = €16,500 All documents or remittances sent by or to an applicant, or as he/she may direct will be sent through the post at his/her risk to the address of the Company's Solicitor: John O'Connor Solicitors, 168 Pembroke Road, Ballsbridge, Dublin 4, Ireland or Company Stock Broker: SVS Securities, 2 London Wall Buildings, London Wall, London EC2M5PP, England THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT CONTACT DETAILS: Great Westerm 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 Great Western Mining Corporation plc
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