Pacific Gold Corp. - Files Form 10 With Sec
27.03.2012 | Marketwire
TORONTO, ONTARIO -- (Marketwire) -- 03/27/12 -- Pacific Gold Corp. (OTCQB: PCFG) (PINKSHEETS: PCFG) announced today that its subsidiary, Pacific Metals Corp., filed a Form 10 registration statement with the SEC to register as a reporting company in anticipation of becoming a publicly traded company.Once Pacific Metals is registered, which will be at least 60 days after the filing of the Form 10, PCFG plans to take steps to distribute by means of a dividend a portion of the shares of common stock it holds in Pacific Metals to the shareholders of PCFG. After completion of the dividend, Pacific Metals will seek an OTCQB quote of its common stock.
Pacific Metals plans to hire an independent management team and begin 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.
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 2012 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements. There is no assurance that Pacific Metals will become a registered, reporting company or that the proposed dividend will be consummated. Additionally, there is no assurance that the common stock of Pacific Metals will be traded in a public exchange or trading medium.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com