LAKEWOOD, Colo., Nov. 16, 2016 /CNW/ -- Pershing Gold Corporation
(NASDAQ:PGLC) (TSX:PGLC) ("Pershing Gold" or the "Company"), the
emerging Nevada gold producer
advancing the Relief Canyon mine, today announces that it has
received approval for the listing of its common stock on the
Toronto Stock Exchange (the "TSX"). Pershing Gold's common stock
will trade on the TSX under the symbol "PGLC" beginning
November 17, 2016.
"Since 2012, Pershing Gold has successfully advanced Relief
Canyon from an exploration project to an asset with a potential
production profile of nearly 90,000 ounces of gold per year
(life-of-mine average, based on the Relief Canyon June 2, 2016 PEA)," stated Stephen D. Alfers, Pershing Gold's Chairman,
President and CEO. "The Company's listing on the TSX is a keystone
event that will allow us to continue to build liquidity for the
Company and to diversify our strong shareholder base," said Alfers.
About Pershing Gold Corporation
Pershing Gold is an
emerging gold producer whose primary asset is the Relief
Canyon Mine in Pershing County,
Nevada. Relief Canyon includes three open-pit mines,
expanding adjacent open-pit-able gold deposits, 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.
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.
Pershing Gold is listed on the NASDAQ Global Market and the
Toronto Stock Exchange under the symbol PGLC.
Legal Notice and Safe Harbor Statement
This press
release contains "forward-looking statements" within the meaning of
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical fact, including potential production
profile of Relief Canyon, are "forward-looking statements."
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, interpretations or reinterpretations of geologic
information; unfavorable exploration, metallurgical or other test
results; inability to obtain permits required for future
exploration, development or production whether the Company decides
to and can raise sufficient external funds to commence production
at Relief Canyon; operating results and problems; general economic
conditions and conditions affecting the industries in which the
Company operates; the uncertainty of regulatory requirements and
approvals; and fluctuating mineral and commodity prices. 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 Securities and Exchange
Commission, including the Annual Report on Form 10-K for the year
ended December 31, 2015. 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