NEW YORK--(BUSINESS WIRE)--March 1, 2006--Great West Gold, Inc. (OTCBB:GWGO) 'The Company' has been alerted to a Press Release on the Telecentro News Service dated today which reads as follows:-
A source from Banco Comercial Portugues (BCP) said today:
"that Banco Comercial Portugues will launch a takeover to GREAT WEST GOLD INC. Banco Comercial Portugues (BCP), will notify next Monday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of GREAT WEST GOLD INC shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid.
Banco Comercial Portugues (BCP) will launch a takeover bid for GREAT WEST GOLD INC with the payment of $0.05 USD for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.055 USD for each share of the company".
The source of this information can be accessed by the web link :-
Great West Gold, Inc. has not been informed of such a bid for Great West Gold, Inc. and is investigating the validity of this information and is no position to verify this as factual or not at this time. Shareholders will be advised accordingly after further investigations into this matter have conducted.
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. +44 845 127 4051 investor@greatwestgold.com
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