News for 'PCFG' - (Pacific Gold Corp.-Pacific Metals Corp. Files Form 10 With SEC)
TORONTO, ONTARIO, Mar 27, 2012 (Marketwire via COMTEX) -- Pacific Gold Corp.
(OTCQB:PCFG)(PINKSHEETS:PCFG) announced today that its subsidiary, Pacific
Metals Corp., filed a Form 10 registration statement with th! e SEC to register as
a reporting company in anticipation of becoming a publicly traded company.
Once Pacific Metals is registered, which will be at least 60 days after the
filing of the Form 10, PCFG plans to take steps to distribute by means of a
dividend a portion of the shares of common stock it holds in Pacific Metals to
the shareholders of PCFG. After completion of the dividend, Pacific Metals will
seek an OTCQB quote of its common stock.
Pacific Metals plans to hire an independent management team and begin to develop
the claims it holds encompassing the historic Graysill Mine in Colorado. The
claims are believed to host a mineral deposit containing significant amounts of
uranium and vanadium.
To find out more about Pacific Gold Corp. (OTCQB:PCFG), visit the Company's
website at www.pacificgoldcorp.com.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development
of pr! oduction-ready and in-production mining operations. The company is foc used
on alluvial gold and base metals operations located in western North America.
Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc.,
which owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a
large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired
exclusive lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores
Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold
Corp.'s current expectations about its future results, performance, prospects
and opportunities. Pacific Gold Corp. has tried to identify these
forward-looking statements by using words and phrases such as "may", "will",
"expects", "anticipates", "believes", "intends",! "estimates", "should",
"typical", "we are confident" or similar expressions. These forward-looking
statements are based on information currently available to Pacific Gold Corp.
and are subject to a number of risks, uncertainties and other factors that could
cause the Company's actual results, performance, prospects of opportunities in
the remainder of 2012 and beyond, to differ materially from those expressed in,
or implied by, these forward-looking statements. There is no assurance that
Pacific Metals will become a registered, reporting company or that the proposed
dividend will be consummated. Additionally, there is no assurance that the
common stock of Pacific Metals will be traded in a public exchange or trading
medium.
SOURCE: Pacific Gold Corp.
CONTACT: Pacific Gold Corp.
&n! bsp; 416-214-1483
&nbs p; www.pacificgoldcorp.com
Copyright (C) 2012 Marketwire. All rights reserved.
-0-
INDUSTRY KEYWORD: Manufacturing and Production\Mining and Metals
SUBJECT CODE: STOCK/OTHER MARKET NEWS
