NEW YORK--(BUSINESS WIRE)--March 10, 2006--
Great West Gold, Inc. (OTCBB: GWGO) confirms that it will be filing a Form 8 - K by Tuesday March 14, 2006 in respect of the acquisitions of the "Treasure King" Gold Mining Project, the Copper Mountain Copper Mining Project and the "Yaba" Gold Mining Project in Yavapai County, Arizona.
This filing is very detailed and contains significant geological data and is therefore taking extensive time to complete. The Company apologises to its shareholders for our delay in its filing.
Great West Gold, Inc. is planning (in and during March of 2006) to dispose of its shareholding in each of these two companies acquired today, as well as its shareholding in Western Diversified Resource, Inc. to three recently incorporated United Kingdom Holding Companies.
Shareholders will be advised in and during next week as to the "Record Dates" and the "Pay Dates" for these additional Stock Dividends to be paid to Great West Gold, Inc. shareholders. It is intended that the "Record Dates" for these three Stock Dividends be set for the first week of April 2006.
The admission of the other five United Kingdom Holding Companies (Bouse Mining Holdings plc, Ambassador Gold Holdings plc, Copperstone Mining Holdings plc, Golden Eagle Mining Holdings plc and Sentinel Resource Holdings plc to an OTC Market in the United Kingdom; is expected to be completed in and during March of 2006 and their dual admission to the OTC Pink Sheets Market to be completed by April 17, 2006. The shares in the Companies will be posted to eligible Great West Gold, Inc. shareholders five days prior to the admission of these Companies to the OTC Pink Sheets Market.
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.
Source: Great West Gold, Inc.
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