South American Gold Receives Approved Acceptance of LOI to Acquire Cannabis Social Network
Las Vegas, NV (FSCwire) - South American Gold Corporation (OTC: SAGD) is proud to announce that it has issued and received an accepted and counter signed Letter Of Intent for its acquisition of a cannabis social network known as PotCircles.
PotCircles (www.potcircles.com) is set to be a global outreach for the hundreds of millions of cannabis users who like to learn, share, and enjoy their lifestyles. Lighting Up on 420, these users will be able to enjoy sharing interactions regarding cannabis with the world, while inviting their present friends and creating new circles of friends to expand their lifestyle.
PotCircles is one multiple projects held in privacy by GreatDay, Inc., a wholly owned subsidiary of Platinum Pari-Mutuel Holdings, Inc. (OTC: PPMH). PPMH is an accomplished company with award winning products and global recognition.
SAGD director Ed Jang stated “This is an exciting moment for the company. Through the substantial work of a number of our shareholders and advisors the company has been provided with this opportunity to tremendously increase shareholder value and move the company name to the next level within the cannabis lifestyle. We are extremely appreciative of our shareholders and advisors and their efforts.”
With the acquisition of PotCircles, SAGD will move in to the Social Networking Industry with an open minded thinking development team which could continue to grow SAGD’s presence in this industry.
Mr. Jang added, “Through this whole process the company has been in discussions with the former co-founder of TBX Group, Inc., which manages the majority of PPMH’s products. After the sale of TBX to PPMH, valued at $128 million, this individual went into the private consulting industry.” The company believes that they will be successful in obtaining his knowledge and expertise to lead SAGD into this industry.
As more information on this transaction or other important corporate actions are available, SAGD will continue to inform its shareholders and the public.
About SAGD: South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of legal cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market.
8275 S. Eastern Ave.
Las Vegas, NV 89123
Phone: (702) 487-9003
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 America 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. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.
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Source: South American Gold Corp. (OTC Pink:SAGD)
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