Corporate Operating Strategy Update: Trading Division Established by South American Gold
November 01 2013 - 1:13PM
Business Wire
South American Gold (OTCQB:SAGD) is pleased to announce it has
formed an international trading division.
South American Gold recently announced it is conducting a review
of operations, financing and capital structure to advance its
strategy of building shareholder value. The Company has significant
expertise in the mining sector and international business through
the experience of its management and consultants. The Company has
determined that establishing a new trading division building on
this expertise can supplement and support its mining exploration
division.
Trading Division
The trading division will focus initially on metal trading but
will consider other trading and consulting opportunities designed
to build revenue and cash flow. Our geographic focus will be
worldwide with a focus on services and products for the metals,
alternative energy and agricultural niche markets. The Company
maintains a representative office in Colombia, and is planning on
establishing further representation in Europe to provide wider
market coverage.
Exploration Division
The Company is also reviewing all current mineral property
interests to consider alternative arrangements to conserve working
capital and build leverage to exploration activities. We expect
this review to be completed in current quarter. We continue to
consider new projects for acquisition, and potential
joint-ventures.
Operating Strategy and Business
Plan
The revised operating plan of a dual-division structure is a
result of our on-going review of our capital structure and
financing plans going forward. This review as previously announced
has been considering various options to improve the financing of
the Company to implement its business plan.
About South American Gold:
South American Gold Corp. (OTCQB: SAGD) is an exploration mining
company focused on the discovery, acquisition, exploration and
development of gold and silver deposits in North and South America,
and southeastern Europe, and recently formed an international
trading division. Our dual strategy is to acquire a pipeline of
mining prospects in historic mining districts to explore, develop
or joint venture, with an objective of establishing commercial
production, and develop sales and cash flow from trading
operations.
Investor Inquiries:
David Kugelman, Atlanta Capital PartnersTel.
1-866-692-6847/1-404-281-9556
Web Site: www.sagoldcorp.com
Email: info@sagoldcorp.com
Disclaimer
This release contains forward-looking statements that are based
on beliefs of South American Gold Corp. management and reflect
South American Gold Corp.'s current expectations as contemplated
under section 27A of the Securities Act of 1933, as amended, and
section 21E of the Securities and Exchange Act of 1934, as amended.
When we use in this release, the words "estimate," "project,"
"believe," "anticipate," "intend," "expect," "plan," "predict,"
"may," "should," "will," "can," the negative of these words , or
such other variations thereon, or comparable terminology, are all
intended to identify forward looking statements. Such statements
reflect the current views of South American Gold Corp. with respect
to future events based on currently available information and are
subject to numerous assumptions, risks and uncertainties, including
but not limited to, risks and uncertainties pertaining to
development of mining properties, changes in economic conditions
and other risks, uncertainties and factors, which may cause the
actual results, performance , or achievement expressed or implied
by such forward looking statements to differ materially from the
forward looking statements. The information contained in this press
release is historical in nature, has not been updated, and is
current only to the date shown in this press release. This
information may no longer be accurate and therefore you should not
rely on the information contained in this press release. To the
extent permitted by law, South American Gold Corp. and its
employees, agents and consultants exclude all liability for any
loss or damage arising from the use of, or reliance on, any such
information, whether or not caused by any negligent act or
omission. This press release incorporates by reference the
Company's filings with the SEC including 10k, 10Q, 8K reports and
other filings. Investors are encouraged to review all filings. The
company has limited financial capability to implement its business
plan.
Atlanta Capital PartnersDavid Kugelman,
1-866-692-6847/1-404-281-9556info@sagoldcorp.comwww.sagoldcorp.com
South American Gold (CE) (USOTC:SAGD)
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