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Pacific Gold Corp. - Pacific Metals Corp. Files Form 10 with SEC
TORONTO, March 27, 2012 - Pacific Gold Corp. (OTCQB: PCFG) (Pinksheets: PCFG), announced today that its subsidiary Pacific Metals Corp. has filed a Form 10 with the SEC in order to become a registered company.
Once Pacific Metals is registered, PCFG plans to dividend out a portion of the shares it holds in Pacific Metals to shareholders of PCFG. At the completion of the dividend Pacific Metals will seek an OTCQB quote.
Pacific Metals plans to hire an independent management team and begin working to develop the claims it holds encompassing the historic Graysill Mine in Colorado. The claims are believed to host a mineral deposit containing significant amounts of Uranium and Vanadium.
To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company's website at www.pacificgoldcorp.com. Or contact the Company directly at 416-214-1483.
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 four operating subsidiaries: Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which 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 2011 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.