Press Release Source: Great West Gold, Inc.
Great West Gold, Inc. - Further Stock Dividends
Monday March 6, 9:36 am ET
NEW YORK--(BUSINESS WIRE)--March 6, 2006--Great West Gold, Inc. (OTCBB:GWGO - News) confirms that it the "Treasure King" Gold Mining and the Yaba Gold and Silver Mining Projects in Yavapai County, Arizona acquired on Friday March 3, 2006 will be placed into two new United Kingdom Holding Companies and the shares in those two Companies distributed to the Great West Gold, Inc. shareholders.
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Great West Gold, Inc. will be transferring its shareholding in Western Diversified Mining Resources, Inc. to a New United Kingdom Holding Company and distributing all of these shares in that new United Kingdom Holding Company to Great West Gold, Inc. shareholders.
These three new United Kingdom Companies will be quoted on an OTC Market in the United Kingdom and on the OTC Pink Sheet Market.
Shareholders will be advised as to the "Record Date" and the "Pay Date" for each of these three additional Stock Dividend distributions, in and during next week.
Great West Gold, Inc. is determined to expedite this process, whereby a total eight Stock Dividends will have been paid to its shareholders thereby allowing the Company to focus on its substantial new Copper interests and on further acquisitions.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Contact:
Great West Gold, Inc.
+ 44 845 127 4051
investor@greatwestgold.com
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Source: Great West Gold, Inc.
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