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Pacific Gold Corp. - Corporate Update
TORONTO, ONTARIO -- (Marketwire) -- 05/29/09 -- Pacific Gold Corp. (PINK SHEETS: PCFG) -
The Company announced that it is actively looking for investors for working capital to complete the Black Rock Canyon mine modifications and begin production.
The Oregon Gold, Inc. share dividend is now complete and Oregon Gold trades under the symbol (OTCBB: ORGG). ORGG is currently working to find investors for a private placement offering announced May 27th and once the financing is complete, ORGG plans to repay its debts to Pacific Gold Corp.
Once financing has been secured Pacific Gold Corp. plans to complete its 2008 audit and file its 10-K and 10-Q reports and apply to move back to the OTCBB.
Currently the remaining interest on the notes to Yorkville Advisors is $167,200. There is a payment due on the interest on June 1st based on the closing stock price today.
To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG), visit our website at www.pacificgoldcorp.com.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns five operating subsidiaries: Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; Oregon Gold, Inc. ("Oregon Gold") owns the Bear Bench claims and Defiance mine, located in south-western Oregon; and Pacific Metals Corp. ("Pacific Metals") owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
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 of opportunities in the remainder of 2009 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Pacific Gold Corp.