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Great West Gold, Inc. - Update on Filing and Investor Relations
NEW YORK, Mar 24, 2006 (BUSINESS WIRE) -- Great West Gold, Inc. (OTCBB: GWGO) confirms that it will be filing a Form 8 - K 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
The Company undertook that it would file this Form 8-K on March 16, 2006 but the Company is unable to file the Form 8-K until next week due to numerous third party agreements contained in this filing. The approval of these third parties is required prior to this filing being made and the Company is still awaiting certain of these approvals. This is a mere formality but is a legal requirement and the Company apologises to its shareholders for this delay but is of the opinion that it is unable to file before that date. Great West Gold, Inc. apologises to its shareholders for these further delays and asks that shareholders respect and understand that these delays were caused by their Company having acquired substantial assets with very complex financing agreements and the involvement of a number of third parties.
The Company and its professional advisors have been inundated with shareholder requests as to the status of this filing and the distribution of Stock Dividends. Shareholders are advised that there some delays but that everything will be finalised in and during next week and if the Company was in a position to expedite these Corporate actions, it would do so. The Company is investigating the appointment of an Investor Relations firm to deal with all of these shareholder enquiries and asks that shareholders exercise patience and that it is clearly understood that the Company and its professional advisors are not in a position to deal with in excess of 2,000 requests for information. The Company's policy as of now will be to issue news releases to inform its shareholders of significant events and to file information from time to time as is required from time to time and will not be in a position to deal with individual request for information at this time.
