Can someone corroborate this is coming from the Yahoo Board
Received from BB - Matt 2-Sep-09 09:06 am
fconklin42
"Thought you might be interested in seeing this from Brass Bulls. It looks like another news item to be released on Thursday. I guess these guys are serious about this company. Please keep to yourselves.
Gold Coast Mining Announces Corporate Update
• Press Release
• Source: Gold Coast Mining Corp.
• On Thursday September 3, 2009, 9:15 am EDT
BOSTON, Sep. 3, 2009 (GLOBE NEWSWIRE) -- Gold Coast Mining Corp. (Pink Sheets:GDSM - News) announced today the following corporate update:
Today the Company has received confirmation from Pink Sheets that full shareholder transparency for OTC Disclosure and News Service will commence on September 30, 2009. This service allows the Company to publish its financials and disclosure forms on www.pinksheets.com and is the first step in creating complete transparency for the shareholders. This corporate update allows Gold Coast Mining Corp. to meet the Pink Sheets Current Information category.
Moreover, Gold Coast has filed the necessary documents to further reduce the share structure by 40,000,000 shares. This will bring the share count to 404,887,086 shares issued and outstanding.
Jason Cooper, Interim CEO of Gold Coast Mining Corp., stated, "By meeting the Pink Sheets Current Information status and further reducing our share structure by another 40,000,000 shares we are gaining investor confidence and transparency. We are looking at ways to further reduce the share structure and have initiated corporate objectives to gain OTCBB compliance in the coming months. We have identified another joint venture and have released a Letter of Intent (LOI) to become a 50% revenue partner. Updates on the joint venture will be provided as they unfold.
About Gold Coast Mining Corp.
Gold Coast Mining Corp. seeks to provide financing, equipment and finance related services to the mining industry. It is the Company's plan to pursue these opportunities through acquisitions and joint ventures with other mining concerns. The Company currently has a joint venture with Western Sierra Mining Corp. (Pink Sheets:WSRA - News) for its Ore Cache and SunGold Mine Projects located in the Prescott, Arizona area. Gold Coast has agreed to provide capital to WSRA to fund initial expenses to put each of the mines into production. Such initial expenses will include the construction of a hard rock free gold recovery plant. Gold Coast is a 50% revenue sharing joint venture partner in both projects.
The Company currently has 444,887,086 shares issued and outstanding.
Contact:
Brass Bulls Investor Relations
Matthew Lovito
866-342-2700 "
AI
