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Great West Gold, Inc. –
Strategic Review Of Operations
Company undertakes a review of its operations
NEW YORK, NY, September 8, 2006, Great West Gold, Inc. (OTC Pink Sheets:
GWGO) confirms that the Company is conducting an intensive review of its business
plan and its operations. This is in response to the consistently low stock price which
values the Company at a huge discount to its underlying value. Management can no
longer continue to allow stockholder value to suffer due to the non performance of
the Company’s stock.
This review may lead to a change in the Company’s Management and the expedition
of the Company’s most promising Mining Projects to immediate exploration stage. It
is envisaged that at least one of the Company’s “Spin Off” United Kingdom Mining
Company’s will be introduced for trading on the OTC Pink Sheets Market in the
forthcoming weeks. The Company is at this time, expediting its outstanding Filings
and then making an application for reinstatement on the OTC BB Market. The
Company will be announcing the appointment of its new Auditor next week.
Stockholders will be kept advised as to developments.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage
company, engaged in the acquisition and exploration of mining properties in the
United States. The Company has Gold assets through its holdings in “Bouse”,
“Mockingbird”, “Ambassador”, “Yaba”, “Golden Eagle” and “South Copperstone” and
Copper assets through its holdings in “Copper Mountain”. The Company holds five of
these Mining Assets through its 48% holding in Bouse Mining Holdings plc,
Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle
Mining Holdings plc and in Sentinel Resource Holdings plc. The other three projects
are 100% controlled by the Company.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations, plans, results,
or strategies and are generally preceded by words such as "may", "future", "plan" or
"planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or
"projected". You are cautioned that such statements are subject to a multitude of
risks and uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those projected in the
forward-looking statements as a result of various factors, and other risks identified in
a companies' annual report on Form 10-K or 10-KSB and other filings made by such
company with the SEC.
Contact:- Great West Gold, Inc. investor@greatwestgold.com
Tel : + 44 845 127 4051
Great West Gold, Inc. –
Strategic Review Of Operations
Company undertakes a review of its operations
NEW YORK, NY, September 8, 2006, Great West Gold, Inc. (OTC Pink Sheets:
GWGO) confirms that the Company is conducting an intensive review of its business
plan and its operations. This is in response to the consistently low stock price which
values the Company at a huge discount to its underlying value. Management can no
longer continue to allow stockholder value to suffer due to the non performance of
the Company’s stock.
This review may lead to a change in the Company’s Management and the expedition
of the Company’s most promising Mining Projects to immediate exploration stage. It
is envisaged that at least one of the Company’s “Spin Off” United Kingdom Mining
Company’s will be introduced for trading on the OTC Pink Sheets Market in the
forthcoming weeks. The Company is at this time, expediting its outstanding Filings
and then making an application for reinstatement on the OTC BB Market. The
Company will be announcing the appointment of its new Auditor next week.
Stockholders will be kept advised as to developments.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage
company, engaged in the acquisition and exploration of mining properties in the
United States. The Company has Gold assets through its holdings in “Bouse”,
“Mockingbird”, “Ambassador”, “Yaba”, “Golden Eagle” and “South Copperstone” and
Copper assets through its holdings in “Copper Mountain”. The Company holds five of
these Mining Assets through its 48% holding in Bouse Mining Holdings plc,
Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle
Mining Holdings plc and in Sentinel Resource Holdings plc. The other three projects
are 100% controlled by the Company.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations, plans, results,
or strategies and are generally preceded by words such as "may", "future", "plan" or
"planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or
"projected". You are cautioned that such statements are subject to a multitude of
risks and uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those projected in the
forward-looking statements as a result of various factors, and other risks identified in
a companies' annual report on Form 10-K or 10-KSB and other filings made by such
company with the SEC.
Contact:- Great West Gold, Inc. investor@greatwestgold.com
Tel : + 44 845 127 4051
