LAKEWOOD, Colo., July 6, 2015 /CNW/ -- Pershing Gold
Corporation (OTCQB: PGLCD) ("Pershing Gold" or the "Company")
announces that the Company's common stock will trade on
The NASDAQ Global Market ("NASDAQ") under the symbol "PGLC" at the
opening of trading today.
The NASDAQ Stock Market LLC approved on June 30, 2015 the Company's application to have
its common stock listed on NASDAQ.
"This up-listing represents a key milestone for Pershing Gold.
We believe that trading on the NASDAQ will provide us increased
visibility in the market place, greater access to capital, a
broader investor base and ultimately help us implement our growth
initiatives and enhance shareholder value," stated Stephen D. Alfers, Pershing Gold President, CEO,
and Executive Chairman. "We likewise believe the additional
exposure and credibility that Pershing Gold will receive from the
investment community as a NASDAQ listed company will generate
broader analyst, media and industry awareness for the
Company."
About Pershing Gold Corporation
Pershing Gold is the
emerging Nevada gold producer
restarting the Relief Canyon Mine, which includes three open-pit
mines and a state-of-the-art, fully permitted and constructed
heap-leach processing facility. Pershing Gold is currently
permitted to resume mining at Relief Canyon under the existing Plan
of Operations.
Pershing Gold's landholdings cover approximately 25,000 acres
that include the Relief Canyon Mine asset and lands surrounding the
mine in all directions. This land package provides Pershing Gold
with the opportunity to expand the Relief Canyon Mine deposit and
to explore and make new discoveries on nearby lands.
Legal Notice and Safe Harbor Statement
This press
release contains "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical fact, including, without
limitation, the expected commencement of trading of the Company's
stock on The NASDAQ Global Market, the symbol under which it will
trade and our expectations regarding the anticipated benefits of
trading on NASDAQ. Although the Company's management believes that
such forward-looking statements are reasonable, it cannot guarantee
that such expectations are, or will be, correct. These
forward-looking statements involve a number of risks and
uncertainties, which could cause the Company's future results to
differ materially from those anticipated. Potential risks and
uncertainties include, among others, whether trading will occur on
the NASDAQ Global Market as expected or at all, whether the
Company's trading symbol will be changed and market factors beyond
our control. Additional information regarding the factors that may
cause actual results to differ materially from these
forward-looking statements is available in the Company's filings
with the SEC including the Annual Report on Form 10-K for the year
ended December 31, 2014. The
Company assumes no obligation to update any of the information
contained or referenced in this press release.
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SOURCE Pershing Gold Corporation