posted
Great West Gold, Inc. -- Corporate Update Great West Gold, Inc. (PINKSHEETS: GWGO) advises its shareholders as to the status of their Company at this time and deals with the various issues raised by shareholders in their communications with the Company.
DECLARATION OF 30% STOCK DIVIDEND:
The Company announced on August 8, 2006 that the Company has authorized a 30% (thirty percent) dividend of the Company's Common Stock for its Stockholders of Record as of Monday August 28, 2006. The Stock Dividend Pay Date to stockholders will be on Friday September 8, 2006.
The Company elected to reward those stockholders who had remained loyal to the Company despite the lengthy delay in the Company's filings and hopes that this dividend would offset some of the losses suffered by the Company's stockholders caused by the very substantial fall in the Company's stock price in recent months.
This Stock Dividend will be electronically credited to stockholders accounts on the Pay Date. Those stockholders who are not holding their stockholding with their Brokers will receive their Stock Dividends in certificated form.
FURTHER CORPORATE ACTIONS AND ACQUISITIONS:
The Company is now at an advanced stage in the conclusion of additional acquisitions to increase its Gold and Copper Assets and if successful, may acquire a further Mining Exploration Project which has considerable potential for Uranium Mining.
Shareholders will be kept appraised of these acquisitions.
COMPANY STOCK PRICE AND EXPLORATION PLANS:
The Company notes stockholder concerns in respect of its ridiculously low stock price which grossly undervalues the value of the Company's portfolio of assets.
The Company is determined to demonstrate the value of its assets to the market and to this end, has commissioned detailed reports of each of its Mining Projects to ascertain their true value and to accelerate exploration plans on certain of these Mining Projects. Shareholders will be kept updated on these developments and full information on each and every Mining Project in your Company's portfolio will be made publicly available as they become available.
FURTHER FUND RAISING:
The Company is in discussions to obtain a working capital in the amount of US$2,000,000 to facilitate and expedite its plans. Once these details have finalized, stockholders will be informed.
OUTSTANDING STOCK DIVIDENDS:
The Company is continuing, as promised, to complete the distribution of the Stock Dividends in Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Sentinel Resources plc, Golden Eagle Mining Holdings plc and in Copperstone Mining Holdings plc to eligible shareholders of Great West Gold, Inc.
The Transfer Agent to each of these Companies will be posting these Share Certificates to eligible Great West Gold, Inc. shareholders as soon as they have received all the details of eligible shareholders who held their stock in the Company through their Broker "Street Names." It appears that the vast majority of the shareholder body holds their stock through their Broker "Street Names." Shareholders are asked to be patient as this is a very time consuming process and involves a large number of Brokers from whom this information is being requested. Shareholders will be kept updated as to the Company's progress in this matter.
The Company confirms the Stock Distributions are as follows:-
Bouse Mining Holdings plc, Great West Gold, Inc. is distributing an amount of 900,000,000 Ordinary Shares of 1p each. For every 1,000 shares of Common Stock held in Great West Gold, Inc. as at November 7, 2005, 28.82 Ordinary Shares are being paid as a Stock Dividend. This Company owns Western Gold Limited and Windsor Resources, Inc. which own the "Bouse" Gold Mining Project.
Sentinel Resource Holdings plc, Great West Gold, Inc. is distributing an amount of 900,000,000 Ordinary Shares of 1p each. For every 1,000 shares of Common Stock held in Great West Gold, Inc. as at November 14, 2005, 19 Ordinary Shares are being paid as a Stock Dividend. This Company owns Golden Sierra Limited and Sentinel Resources, Inc. which own the "Mockingbird" Gold Project.
Copperstone Mining Holdings plc, Great West Gold, Inc. is distributing an amount of 900,000,000 Ordinary Shares of 1p each. For every 1,000 shares of Common Stock held in Great West Gold, Inc. as at December 2, 2005, 19 Ordinary Shares are being paid as a Stock Dividend. This Company owns Copperstone Mining Limited and Copperstone Mining, Inc. which own the "South Copperstone" Gold Project.
Ambassador Gold Holdings plc, Great West Gold, Inc. is distributing an amount of 900,000,000 Ordinary Shares of 1p each. For every 1,000 shares of Common Stock held in Great West Gold, Inc. as at January 2, 2006, 19 Ordinary Shares are being paid as a Stock Dividend. This Company owns Ambassador Gold Limited and Ambassador Gold, Inc. which owns the "Ambassador" Gold Project.
Golden Eagle Mining Holdings plc, Great West Gold, Inc. is distributing an amount of 900,000,000 Ordinary Shares of 1p each. For every 1,000 shares of Common Stock held in Great West Gold, Inc. as at January 4, 2006, 19 Ordinary Shares are being paid as a Stock Dividend. This Company owns Golden Eagle Limited and olden Eagle, Inc. which own the "Golden Eagle" Gold Project.
FURTHER STOCK DIVIDENDS:-
The Company will be declaring further Stock Dividends as promised, but has elected to wait until the existing Stock Dividend reconciliation and postage of those Share Certificates is completed.
These additional three Stock Dividends will be in the new PLC Holding Companies for each of:-
Treasure Kingdom Gold Mining Limited which owns the "Treasure King" Gold Project.
Monstro Verde Mining Limited which owns the "Yaba" Gold Project.
Copper Mountain Mining Limited which owns the "Copper Mountain" Copper Project.
The Company has incorporated these three new Holding Companies, in which Great West Gold, Inc. shareholders will receive further Stock Dividends, as follows:
Monstro Verde Gold Holdings plc, which will own Monstro Verde Mining Limited
Treasure Kingdom Gold Holdings plc, which will own Treasure Kingdom Gold Mining Limited
Copper Mountain Mining Holdings plc, which will own Copper Mountain Mining Limited
The Company is at this time, completing the statutory and legal work required to complete these transactions.
LISTING OF THE PLC MINING COMPANIES:-
It is the intention of this Company to admit each of the PLC Mining Companies for trading on an OTC Exchange in Europe and to then seek a "dual listing" for each company on the OTC Pink Sheets but the Company feels that this will not be prudent until such time as each of these Companies has completed the appointment of independent Management as well the appointment of independent Non Executive Directors to the various Boards of Directors.
WESTERN DIVERSIFIED MINING RESOURCES, INC. ("Western"):
Great West Gold, Inc. held a 71.43% shareholding in Western prior to the acquisition of the minority shareholders' interest on August 4, 2006. Western is now a wholly owned subsidiary Company of Great West Gold, Inc.
Western owns 1,075,000,220 Ordinary Shares (circa 48%) of each of:
Great West Gold, Inc. has acquired the minority interests in Western for an amount of US$29,098,550. This has been settled through an immediate issue, to the Vendors, of restricted shares of Common Stock in Great West Gold, Inc. in the amount of US$4,098,550. The balance in the amount of US$25,000,000 has been settled through the issue of a Convertible Loan Note to the Vendors on the following terms:
The Convertible Loan Note bears interest at the rate at the rate of 6% per annum and is convertible into Restricted Shares of Common Stock of Great West Gold, Inc. in whole or in part at any time at the discretion of the Convertible Loan Note Holders. The Loan Note Holders have undertaken that upon any conversion of the loans into restricted shares of Common Stock of the Company, they will accept shares of restricted Common Stock under Regulation 144 and that the Company will not file a Registration Statement to create "free trading" shares of Common Stock. These Loan Note Holders are committed to the long term growth of the Company and will not be in a position to dispose of any shares of Restricted Common Stock of Great West Gold, Inc. (should they convert these loans into shares of shares of Common Stock of the Company) for a period of not less than two years* from the date of any issue of shares of Common Stock of Great West Gold, Inc. to themselves.
* This period of two years (and not one year) is due to the Company being "Non Reporting." No shareholders holding shares of the Company's restricted Stock are able to remove the restrictive legend from their Stock Certificate until two years from the date of issue. This applied from the day that the Company became delinquent in its filings early this year and remains the case until such time as the Company becomes "Reporting." A stockholder holding "Restricted Stock" in a Company that is "Reporting" and up to date in its filings; is able to apply for the restrictive legend to be removed after a period on one year, subject to the approval of the Company and Corporate Counsel.
Great West Gold, Inc. intends to place its 100% shareholding in Western Diversified Mining Resources, Inc. in a United Kingdom Company, Western Diversified Mining Resources plc, which will be 100% controlled by Great West Gold, Inc.
This Company will be "vehicle" through which Great West Gold, Inc. will hold its shareholdings in the United Kingdom "Holding Companies" of the various Mining Projects, the intention of the Company being to admit each of these "Holding Companies" for trading on an OTC Exchange in the near future.
CORPORATE WEB SITE:-
The Company has just launched a new web site, www.greatwestgold.com. Updates to this web site are ongoing but the Company has completed the upload of most of the relevant data. This site is updated with all of relevant data on the Company and we are of the opinion that it is more "investor friendly" and will, within days, provide investors with all the Company data that they require. The Company will be making live Level II Data on the stock price available on the web site. The Company is grateful for and would appreciate more input from its shareholders as to any additional "content" that they would wish to be available on the Company's web site.
STATUS OF THE COMPANY ON THE OTC PINK SHEETS:-
The Company is, at this time, classed as "Non Reporting." The Company will be appointing a new Auditor and will be filing its outstanding Form 10-KSB for the period ending December 31, 2005, its Form 10 QSB for the period ending March 31, 2006 and its Form 10 QSB for the period ending June 30, 2006. Once these outstanding filings are made, the Company will then continue as a "Reporting" Company quoted on the OTC Pink Sheets Market and thereafter will take the necessary steps to apply for a reinstatement to the OTC BB Market. Management is not at this time, promising any time frame for these corporate actions but will endeavor to do so as fast is reasonably possible.
MANAGEMENT OUTLOOK:-
Management of the Company is focusing on the following in the immediate term, which still remains a priority:
-- Completing the postage of the Stock Dividends to eligible stockholders -- Appointing Management to the five PLC Gold Companies -- Ensuring that investors understand the structure of the Company and the value of its Mining Assets and improving shareholder relations
And in the Short to Medium term intends to focus on:
-- The creation of additional value for shareholders -- The completion of the three additional Stock Dividends -- The acquisition of further Mining Assets -- The admission of the PLC Companies to a recognized Stock Exchange
The significant increase in Commodity prices, primarily in Gold, Silver and Copper; have dramatically increased the valuation of the Group's Mining Assets. This will also contribute to a successful "fund raising" exercise for each of the PLC Mining Companies "going forward". Management of your Company is fairly convinced that these Commodity prices are not only sustainable in the short to medium term but that the price of Gold in particular, will continue to rise.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in "Bouse," "Mockingbird," "Ambassador," "Yaba," "Golden Eagle" and "South Copperstone" and Copper assets through its holdings in "Copper Mountain." The Company holds five of these Mining Assets through its 48% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other three projects are 100% controlled by the Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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FINANCE The Share Capital Structure of Great West Gold, Inc. as at August 4, 2006 is :-
200,000,000,000 Authorized Shares of Common Stock.
123,063,455,906 shares of Common Stock are outstanding at this time.
112,117,879,384 shares of the Issued Common Stock are restricted under Regulation 144
* A total amount of 10,945,576,522 shares of the Company's Common Stock is "free trading" but this does not translate into actual sales. Many shareholders "free up" their stockholdings but do not sell the stock.
* Regulation 144 prohibits sales of these shares until one year has elapsed from the date of issue of these shares. Furthermore, not more than 1% of the outstanding company's shares may be sold by any one shareholder every three months
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
CONTACT Address: Great West Gold, Inc. c/o St James Resource Management Limited 16 Hanover Square LONDON W1S 1T United Kingdom
Investor Relations
Telefax : + 44 845 127 4051
Email: investor*greatwestgold.com
Transfer Agents to Great West Gold, Inc. Computershare Trust Co., Inc.
Address: 350 Indiana Street, Suite 800 Golden, CO 80401 Contact: Susan Last E-Mail susan.last*computershare.com Tel: + 1 303-262-0703 Fax: + 1 303-262-0700
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
I was thinking about getting into this for a quick flip, but volume seems very low for a sub with this kind of news. Would like to hear what some folks think about this. Thanks
Posts: 176 | Registered: Mar 2006
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posted
If you are not a stock holder they are going to give you your dividend in certificated form. That is another way of saying that the dividend is going to be more shares put into the market. No Thanks!!!
posted
if you don't own it, go elesewhere I've been in this long so I have to stay so I can get all my worthless divi's. If you don't own, don't buy. JMO.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
Its going down so I'm in a similar situation to you cas, so how does this "nice" 30% dividend work?
Posts: 147 | From: NY | Registered: Aug 2006
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posted
right, if you dobn't own it, don't bash it, we have folks here believe in this stock, we have days to come till they announce the dividend, if you own it, that means they're payin u in cash...30%
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
I like the stock, just liked it more when it was trading slightly higher. But that being said, the dividend sounds pretty nice. Just wondering why there isn't demand for it.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
buying pressure's increasing during the last half hour trading, seems it might run soon
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
I wonder, what are the PPS for mining penny stocks in comparison to GWGO (its peers)? Last I checked most are at probably a decimal place over. Well I'm patient and expect some good stuff to happen next week (before dividend date).
Posts: 147 | From: NY | Registered: Aug 2006
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posted
same here grail, patient is where the money at, before the dividend date due, there's defintely a run time, everyone's waiing for the next move, just don't get in too late....
-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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posted
I've owned this stock since Nov and am patiently waiting for the free shares in some of the subsid Co's. Looks like the subsid's might not even get listed for a long time so even these free shares will have no immediate value. I'm confused by this latest dividend however - if it's really to reward us "loyal" shareholders why are they quoting a Record Date in the future? Surely the Record Date should be in the past if it's to reward existing shareholders. I can't help but suspect that it's another ploy to raise some trading volume.
Posts: 6 | From: Belfast, N.Ireland | Registered: May 2006
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quote:Originally posted by mcscrambles: I've owned this stock since Nov and am patiently waiting for the free shares in some of the subsid Co's. Looks like the subsid's might not even get listed for a long time so even these free shares will have no immediate value. I'm confused by this latest dividend however - if it's really to reward us "loyal" shareholders why are they quoting a Record Date in the future? Surely the Record Date should be in the past if it's to reward existing shareholders. I can't help but suspect that it's another ploy to raise some trading volume.
I remember reading something stating that by law there needs to be a 10 day window after the record date is announced to the public to the time the dividend is paid out.
Posts: 2498 | Registered: Mar 2006
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I wonder if the used any of the billions of shares to pay for these companies they are acquiring? Are they restricted afterwards?
Posts: 2498 | Registered: Mar 2006
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Press Release Source: Great West Gold, Inc.
GREAT WEST GOLD, INC. - 30% STOCK DIVIDEND Wednesday August 23, 7:09 am ET
PHOENIX, NORWAY--(MARKET WIRE)--Aug 23, 2006 -- GREAT WEST GOLD, INC. - 30% STOCK DIVIDEND
Company confirms the 30% Stock Dividend to reward its Shareholders
NEW YORK, NY, August 23, 2006, Great West Gold, Inc. (Other OTC:GWGO.PK - News) confirms that the Company authorized a 30% (thirty percent) dividend of the Company's Common Stock to its stockholders as announced on August 8, 2006.
ADVERTISEMENT This Stock Dividend "Record Date" is on Monday August 28, 2006. Any stockholder electing to receive this Stock dividend must be a registered stockholder as at Monday August 28, 2006. The Stock Dividend Pay Date to eligible stockholders will be on Friday September 8, 2006.
The Company elected to reward those stockholders who had remained loyal to the Company despite the lengthy delay in the Company's filings and hopes that this dividend would offset some of the losses suffered by the Company's stockholders caused by the very substantial fall in the Company's stock price in recent months.
This Stock Dividend will be electronically credited to stockholders brokerage accounts on the Pay Date. Those stockholders who are not holding their stockholding with their Brokers or hold restricted shares of the Company's Common Stock, will receive their Stock Dividends in certificated form.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in "Bouse", "Mockingbird", "Ambassador", "Yaba", "Golden Eagle" and "South Copperstone" and Copper assets through its holdings in "Copper Mountain". The Company holds five of these Mining Assets through its 48% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other three projects are 100% controlled by the Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward- looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
posted
Great news but the price is still dropping. By the time they give us the 30% dividend the PPS will have fallen 30%. Hmmm, a great plan for the company but I'm starting to wonder.
For new shareholders coming in at this level it may be better than those of us long termers who have had it and ridden it downnnnnn. Posts: 2498 | Registered: Mar 2006
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Well usually this 30% will attract people to the stock, so therefore there's supposed to be a slight expected small run. There might be a PR report at around the time of the paying of dividends. Dont know how this will play out, but I'm willing to stick around for it.
Posts: 147 | From: NY | Registered: Aug 2006
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quote:Originally posted by Grail7: Well usually this 30% will attract people to the stock, so therefore there's supposed to be a slight expected small run. There might be a PR report at around the time of the paying of dividends. Dont know how this will play out, but I'm willing to stick around for it.
Agreed...I'm not going anywhere but I'd like to see my 2 million shares go up a little bit...$1.00 would be nice. Posts: 2498 | Registered: Mar 2006
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posted
a dollar, not in this lifetime. I have a million shares myself. I would be happy with a penny at this point. The most we will ever see is a dime, and we will have to be very lucky at that. These spin-off companies are a joke and will be worthless when we get these shares. I hope people are not counting on these being worth anything.
Posts: 806 | From: CT | Registered: Dec 2005
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quote:Originally posted by STOCKMOVER: why is volume so high?
Real cheap pps, its a mining company, but we dont move cause we got O/S plus delayed financials. How late was the reporting? Can anyone who's been in it longer say? I've been tracking and trading in this since around early July.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
I've been in since before the last round of dividends. I took the dividends and held on to the stock until it went down to the point where I just about broke even after the dividends were considered.
If they would just do it...Filing, dividends, etc. the PPS could go up but more and more shares are driving me nuts!
Posts: 2498 | Registered: Mar 2006
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posted
Great West Gold, Inc. -- 30% Stock Dividend Monday August 28, 12:11 pm ET
Company Confirms the 30% Stock Dividend "Record Date"
NEW YORK, NY--(MARKET WIRE)--Aug 28, 2006 -- Great West Gold, Inc. (Other OTC:GWGO.PK - News) confirms that the Company authorized a 30% (thirty percent) dividend of the Company's Common Stock to its stockholders as announced on August 8, 2006.
This Stock Dividend "Record Date" is at the close of business today, Monday August 28, 2006. Any stockholder electing to receive this Stock Dividend must be a registered stockholder as at the close of business today, Monday August 28, 2006. The Stock Dividend Pay Date to eligible stockholders will be on Friday September 8, 2006.
The Company elected to reward those stockholders who had remained loyal to the Company despite the lengthy delay in the Company's filings and hopes that this dividend would offset some of the losses suffered by the Company's stockholders caused by the very substantial fall in the Company's stock price in recent months.
This Stock Dividend will be electronically credited to stockholders brokerage accounts on the Pay Date, Friday September 8, 2006. Those stockholders who are not holding their stockholding with their Brokers or hold restricted shares of the Company's Common Stock, will receive their Stock Dividends in certificated form.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in "Bouse," "Mockingbird," "Ambassador," "Yaba," "Golden Eagle" and "South Copperstone" and Copper assets through its holdings in "Copper Mountain." The Company holds five of these Mining Assets through its 48% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other three projects are 100% controlled by the Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:- Great West Gold, Inc. investor*greatwestgold.com Tel : + 44 845 127 4051
posted
GREAT WEST GOLD, INC. - SUBSTANTIAL ACQUISITIONS Wednesday August 30, 12:05 pm ET
PHOENIX, NORWAY--(MARKET WIRE)--Aug 30, 2006 --
NEW YORK, August 30, 2006 - Great West Gold, Inc. (OTC Pink Sheets:GWGO.PK) confirms that the Company is now at an advanced stage in the acquisition of additional Mining Exploration Companies and expects to announce the acquisitions early next week. These acquisitions will substantially increase the Company's interests in Copper with four additional Copper properties, in Gold with an additional nine interests, one of these properties being very substantial and one additional property with Uranium potential.
The costs of these acquisitions will not be primarily funded through the issue of Common Stock but through Convertible Loan Notes to avoid further dilution of stockholders' interests.
The Company will publish a detailed announcement early next week at such time as these acquisitions are completed.
The significant increase in Commodity prices, primarily in Gold, Silver and Copper; have dramatically increased the valuation of the Group's Mining Assets. Management of your Company is fairly convinced that these Commodity prices are not only sustainable in the short to medium term but that the price of Gold in particular, will continue to rise. Management feels that these further acquisitions in Gold, Copper and Uranium will add significant value to the Company in the years ahead.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in "Bouse", "Mockingbird", "Ambassador", "Yaba", "Golden Eagle" and "South Copperstone" and Copper assets through its holdings in "Copper Mountain". The Company holds five of these Mining Assets through its 48% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other three projects are 100% controlled by the Company.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
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