A fluff PR (IMO)
StarGold Mines Comments on Recent Volatility
Thursday June 21, 8:08 pm ET
NEW YORK--(BUSINESS WIRE)--Although StarGold Mines (OTCBB:SGDM - News) does not typically comment on market movements in its stock price, considerable recent volatility in StarGold stock has generated numerous inquires by both American and European investors. In response to these inquiries, the company hereby confirms that it is unaware of any corporate or operational reason to account for the dramatic downward movement in its stock price.
The company reiterated today its strategic plan to seek and acquire opportunities in Russia and Eastern Europe. StarGold Mines interim CEO and Director Marcus Segal, stated "The company remains committed to executing our plan, to reach profitability and increase shareholder value. Our goal is to provide Western investors with access to a portfolio of natural resource licenses and operating companies in Russia and Eastern Europe, and movements in our stock price are irrelevant to achieving this goal."
About StarGold Mines: StarGold Mines Inc. is a U.S.-based gold mining company whose strategy is to seek investment and acquisition opportunities in Russia and Eastern Europe, with the aim of developing a portfolio of natural resource opportunities attractive to Western investors. Additional information can be found at www.stargoldmines.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the successful consummation of the transaction with UniverCompany, the successful completion and integration of prospective acquisitions, competitive market conditions, and the ability to secure sufficient sources of financing. The actual results StarGold may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. StarGold encourages the public to read the information provided here in conjunction with its most recent filings which may be viewed at www.sec.gov.
Contact:
StarGold Mines Inc.
1840 Gateway Drive
Suite 200
San Mateo, CA 94404
Tel. (650) 378-1214
Press:
REVsolutions LLC
Elena Furman, 917-202-1445
Source: StarGold Mines Inc.
AI
