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9/25/2003 5:02:00 PM ET
Pacific Gold Corp Name Change And Update
TORONTO, Sep 25, 2003 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp, (OTCBB: PCFG), announced today that formal completion of the Company's name and stock symbol change occurred on September 9, 2003.
'We are extremely excited with the results of our recent trench sampling project conducted on the Company's gold claims in south-western Oregon, and encouraging negotiations are underway to acquire two additional projects in the states of Oregon and Nevada, USA. The Company's name and symbol change now reflect the Company's core business strategy in the mining and exploration sector', stated Mitch Geisler, President, Pacific Gold Corp.
Further details regarding the Company's anticipated acquisition of additional gold projects in the western United States will be made available to the public upon completion of the formal agreements, diligence and site visits.
During the past 90 days the Company has completed almost $250,000 in financing as direct debt. The proceeds have been used to acquire the Oregon project, and to fund exploration activities and general working capital.
About the Company
The Company's business plan includes the acquisition and development of production-ready or in-production mining operations concentrating on gold recovery. The Company is interested in alluvial, or placer operations, located in western North America. Oregon Gold, a subsidiary of Pacific Gold Corp., has staked eight mining claims in south-western Oregon, and is in the process of acquiring an additional 15 claims. Two of these claims are currently permitted and producing.
Additional information is available at the Company's website at www.pacificgoldcorp.com.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as 'may', 'will', 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'should', 'typical', 'we are confident'or similar expressions. These forward- looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities in the remainder of 2003 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements.
SOURCE Pacific Gold Corp.
Investor Relations: 416-214-1483 (PCFG)
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