Monday, November 07, 2011 10:35:12 AM
Sierra Gold Corporation Announces Pampana River Licensing
TORONTO, Nov. 7, 2011 (GLOBE NEWSWIRE) -- Sierra Gold Corp. (Pink Sheets:SGCP) announces licensing of Pampana Concessions.
Sierra Gold Corporation is pleased to announce it has returned to the Pampana River and has licensed 4 concessions mentioned in its last Field Report that had surface rents previously paid. With the licensing completed, the company is moving dredging equipment into position to commence operations as soon as river conditions permit.
As part of the agreement with the landowners and chiefdoms involved, SGC has committed to improving educational infrastructure and opportunities within those specific areas. This is beneficial to both the local chiefdoms and SGC's long term relationship with them.
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act''). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that,'' "believe,'' "expect,'' or "intent to'' and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.
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