Great West Gold, Inc. - Share Price and Trading Activity
Ticker Symbol: GWGO
NEW YORK, N.Y. -- (Business Wire) -- Feb. 17, 2006
Great West Gold, Inc. (OTCBB:GWGO) confirms that it has
noted that its share price traded at a new low yesterday with in
excess of 1 billion shares being traded on that day.
¶ The Company has requested an urgent "Squeeze Trigger" Report from
www.buyins.net in respect of the Company's trading including yesterday
and upon receipt of this report, it will be published by the Company.
¶ The Company wishes to draw shareholders attention to the fact that
the SEC Approves NASD Request Requiring 5,600 Brokerage Firms To
Disclose Monthly Total Short Interest For OTCBB and PINKSHEET
Securities. The SEC News Digest reported approval of the NASD's
request to require all NASD member firms to disclose Total Short
Interest positions on OTC BB and PINKSHEET securities. The following
statement was published in the February 7, 2006 edition:
¶ "The Commission approved a proposed rule change submitted by the
National Association of Securities Dealers (SR-NASD-2005-112)
regarding amendments to Rule 3360 to expand short interest reporting
to OTC equity securities. Publication of the order is expected in the
Federal Register during the week of February 6. (Rel. 34-53224)"
¶ On September 20, 2005 the NASD filed with the Securities and
Exchange Commission ("SEC") a proposed rule change to amend Rule 3360
to expand short interest reporting requirements to over-the-counter
equity securities. The term "OTC Equity Securities" shall mean any
equity security that is not listed on The NASDAQ Stock Market or a
national securities exchange. Each member firm shall maintain a record
of total "short" positions in all customer and proprietary firm
accounts and shall regularly report such information to NASD as of the
close of the settlement date designated by NASD. Reports shall be
received by NASD no later than the second business day after the
reporting settlement date. The term "customer" also includes accounts
of other broker-dealers held at each firm.
¶ Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based largely on the Company's
¶ expectations and are subject to a number of risks and
uncertainties beyond the company's control, including but not limited
to economic, competitive and other factors affecting the Company's
operations, management team effectiveness, expansion strategies,
available financing, market prices and recovery costs, government
regulations involving the Company, facts and events not known at the
time of this release, and other factors discussed in the Company's
filings with
¶ the Securities and Exchange Commission.
¶ These statements are not guarantees of future performance and
readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. The Company undertakes no obligation to update publicly any
forward-looking statements.
Contacts:
Great West Gold, Inc.
+ 1 602-532-7322
investor@greatwestgold.com
