TORONTO, ONTARIO — (Marketwired) — 07/09/13 — Pacific Gold Corp. (OTCQB: PCFG)(PINKSHEETS: PCFG).
Pacific Gold Corp. announced today that Pilot Metals has agreed to an early exercise of its option to purchase the Project W claims.
As part of the decision to exercise the purchase option, the Company and Pilot Metals have agreed to amend the purchase terms from 3 payments of $500,000 each in September 2013, 2014 and 2015 to two payments, the first being $350,000, which was paid on July 5, 2013 and a further payment of $850,000 due on March 31, 2014. Ownership of the Project W claims has now been transferred to Pilot Metals.
To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company-s website at .
About the Company
Pacific Gold Corp. (OTCQB: PCFG) 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., (OTCBB: PMET) which owns mining 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 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Contacts: Pacific Gold Corp. 416-214-1483
Only registered users can comment.
