St James Capital Holdings, Inc. (OTC: SJCH) announced that it has acquired an additional Loan Note in the amount of US$250,000 due from Great West Gold, Inc. (OTC BB: GWGO).
St James Capital Holdings, Inc. now controls a Loan Note from Great West Gold, Inc. in the amount of US$1,750,000.
St James, through its acquisition of the controlling interest of Hanover Capital Group plc ("Hanover"), a UK-based investment Company, owns an amount of just under 10% of Great West Gold, Inc.'s outstanding shares. Stephen Lumb is the Chairman of Hanover Capital Group plc.
Related Results St James Capital Holdings, Inc. - Investment in Copperstone Mining Holdings plc St James Capital Holdings, Inc. - Investment in Ambassador Gold Holdings plc St James Capital Holdings, Inc. - Investment in Sentinel Resource Holdings plc St James Capital Holdings, Inc. - Investment in Yachtowner Holdings plc St James Capital Holdings, Inc. - Substantial Investment in Growthvest plc Stephen Lumb, the President of St James Capital Holdings, Inc. said today that he considered Great West Gold, Inc. significantly undervalued at this time and that he considered the acquisition of that Company's debt to be an important strategic move for St James's long term intentions in respect of Great West Gold, Inc.
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