GWGO NEWS NEW YORK, Mar 02, 2006 (BUSINESS WIRE) -- Great West Gold, Inc. (GWGO) announced on February 16, 2006 that it will be making a series of acquisitions. The Company has now secured all of the requisite cash and guarantees required to complete these acquisitions.
The first three acquisitions have now been agreed and finalised and all of the pertinent details will be announced to the market at least three hours prior to the Market Open on Friday March 3, 2006. These acquisitions are of enormous value to the Company and will dramatically increase the Net Asset Value per share.
It is anticipated that the value of company will be trebled upon the closure of these acquisitions in addition to the Company diversifying itself from being a Gold Exploration Company.
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.
Great West Gold, Inc. +44 845 127 4051 investor@greatwestgold.com
