Mahdia Gold Corp. Issues Follow-Up Data on OMAI Acquisition Related to Press Release Issued on May 30th, 2011
Jun. 2, 2011 (Marketwire Canada) --
MISSISSAUGA, ONTARIO -- Mahdia Gold Corp (CNSX:MGD)
MAHDIA GOLD CORP is currently trading on the Canadian National Stock Exchange.
Mahdia Gold Corp is a publicly listed on the Canadian National Stock Exchange (CNSX) under the symbol MGD. The company's website is: www.mahdiagold.com. The website of the CNSX exchange is www.cnsx.ca. The company will seek to interlist by making application to list also on the TSX in the future.
Mahdia Gold Corp issued a press release on May 30th, 2011 to announce that the company was awarded the world class Omai goldmine by the Guyana Government.
Mahdia Gold Corp hereby releases additional details of the OMAI transaction. The data referred to in the previous press release was obtained from a "Final Exploration Report on the Fennell Pit Area". This report was done by IAMGOLD for the period of February 14th, 1997 to February 13th, 2008. The date on the report was May 2008. Mahdia Gold Corp cannot confirm that the report was NI 43101 compliant. This report and numerous other data were collected by the Guyana Government. Mahdia Gold Corp is working with the Guyana Government to study in detail, all the available official data. This will help us better understand the science and plan an effective plan of any further exploration and development. Mahdia's winning proposal that secured the OMAI property offered no stock issuance to the Guyana Government. The company's proposal only offered a sum of eleven million and five hundred thousand US dollars over a period of a period of two years. Mahdia Gold Corp, having been awarded the OMAI property, is now working with the Guyana Government for a final agreement with final terms. The company looks forward to an excellent working partnership and is pleased for the opportunity of further exploring and developing the OMAI.
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
Mahdia Gold Corp currently has 62,004,020 shares outstanding.
NO SECURITIES REGULATORY AUTHORITY OR STOCK EXCHANGE HAS APPROVED OR DISAPPROVED OF THE INFORMATION CONTAINED IN THIS PRESS RELEASE.
Mahdia Gold Corp.
alzaakir@yahoo.com
www.mahdiagold.com
Source: Marketwire Canada (June 2, 2011 - 6:20 PM EDT)
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