Lone Star Gold, Inc. Purchases Channeland Entertainment Group, Inc. and Appoints Mark Townsend as CEO
December 23 2013 - 6:00PM
Access Wire
Houston, Texas / December 23, 2013 / ACCESSWIRE / Lone Star
Gold, Inc. (OTCBB: LSTG) announces the acquisition of Channeland
Entertainment Group, Inc., a media production company with
operations providing music, film, video, and television recording
services globally. As part of the acquisition, the Company
appointed Mark G. Townsend as Chairman of the Board of Directors
and Chief Executive Officer (“CEO”) and Scott A. Hepford as
Director and Chief Operating Officer (“COO”).
“Even though the acquisition of Channeland provides a new
direction for Lone Star Gold, Inc., the new management team of Mr.
Hepford and myself intends to monetize the previous gold mining
projects and concessions in order to retain that shareholder
value,” said Mr. Mark G. Townsend, incoming Lone Star Gold,
Inc. CEO. “Channeland’s value to Lone Star Gold, Inc. is its
long standing operations spanning back to 1994 and its three
pronged approach to growth – media production, media delivery
technology, and media portfolio ownership. We intend to grow
rapidly through acquisitions in all three areas.”
Rhodes Holdings LLC provided strategic consulting services as
part of the transaction. Over the coming weeks, management will
release information on Channeland Entertainment Group, Inc. and our
new operations plan for Lone Star Gold, Inc. More information about
Channeland Entertainment Group, Inc. maybe found at
http://channeland.com/ and http://channeland.wordpress.com/.
ABOUT LONE STAR GOLD, INC.
Lone Star Gold, Inc. is a publicly traded (OTCBB: LSTG) company
with assets in the mineral exploration arena and a subsidiary
providing media production services globally in music, film and
television production and technology.
Channeland Entertainment Group, Inc., the Company’s media
production subsidiary, has current operations providing music,
film, television and Internet recording and media production
services globally. Channeland’s clients include artists, film
makers, television producers, record labels, and large media groups
such as Sony, EMI, and Universal Pictures. With a successful track
record spanning back to 1994, Channeland has current personnel with
multiple platinum and gold albums and Grammy award winning projects
(Mr. Townsend), and credits such as Shania Twain, DC Talk, Israel
Houghton, Third Day, and The Newsboys.
The Company’s gold exploration and development assets are a 70%
Working Interest in concessions covering 800 hectares in the La
Candelaria project in Chihuahua, Mexico and an undivided 65%
interest in the San Antonio del Potrero mine tailings project near
the city of Hidalgo Del Parral in the state of Chihuahua,
Mexico.
ABOUT RHODES HOLDINGS LLC
Rhodes Holdings
LLC (“RHL”, http://rhodesholdings.wordpress.com/) provides
strategic consulting to companies seeking to implement high growth
strategies in publicly traded companies. RHL helps clients seek
financing through the public markets, either through mezzanine
debt, equity or bank debt.
CAUTIONARY NOTE TO U.S. INVESTORS
The United States Securities and Exchange Commission (“SEC”)
permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can
economically and legally extract or produce. We may use certain
terms in this press release, such as "measured," "indicated," and
"inferred" "resources," which the SEC guidelines strictly prohibit
U.S. registered companies from including in their filings with the
SEC. U.S. Investors are urged to consider closely the disclosure in
our Form 10-K which may be secured from us, our website at
http://www.lonestargold.com/ or from the SEC’s website at
http://www.sec.gov/.
SAFE HARBOR STATEMENT
This press release contains statements that are forward-looking and
which involve a number of risks and uncertainties. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in question are based on Lone Star Gold,
Inc.'s current expectations and projections about future events,
based on information currently available. The forward-looking
statements found in this press release may also include statements
relating to Lone Star Gold, Inc.'s anticipated financial
performance, business prospects, new developments, strategies, and
similar matters. Lone Star Gold, Inc. provides no assurance
regarding the actual outcome of the events contemplated by any
forward-looking statements included in this release. Lone Star
Gold, Inc. disclaims any obligation to update any of its
forward-looking statements, except as may be required by law.
CONTACT
Lone Star Gold, Inc.
700 Louisiana Street
Suite 3950
Houston, TX 77002
ir@lonestargold.com
investors@channeland.com
http://www.lonestargold.com/
http://channeland.com/
Source: Lone Star Gold, Inc.
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