Shares Outstanding: 222,025,246
Trading Symbols: TSX: GGD
OTCQX: GLGDF
HALIFAX, March 18, 2020 /CNW/ - GoGold Resources
Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the
Company") provides an update relating to the COVID-19
related market uncertainty and an update on the Company's upcoming
AGM scheduled for March 25, 2020.
The Company is following WHO directives at its Parral and Los
Ricos projects which are in full operation.
"The constantly changing COVID-19 situation is unprecedented and
for many is a time filled with uncertainty. The safety of our
employees is of the utmost importance to us. We'd like to
assure our shareholders that operations at Parral and Los Ricos are
continuing as we monitor the situation. Procedures have been
implemented at both sites including employee education and
increased sanitization. All individuals entering the sites will be
monitored for symptoms including elevated temperatures," said
Brad Langille, President and CEO.
"With the recently completed financing, the Company is in a strong
financial position with a current cash balance of approximately
$20 million USD, which provides the
Company with the flexibility to manage this unprecedented event and
position itself strongly for the future."
Annual General Meeting ("AGM") Update
The Company's AGM is scheduled for March
25, 2020 at 6:00 PM at Hotel
Halifax, 1990 Barrington Street, in Halifax, NS. The Company encourages all
shareholders to vote online in advance of the meeting date and not
to attend the meeting in person to minimize the number of
individuals present in response to the COVID-19 situation. Guests
will not be permitted to attend the meeting. The legal
requirements of the AGM will be completed, with no traditional
social reception or investor presentation. The Company will
adhere to all Health Canada and Provincial restrictions and
recommendations regarding public meetings, and social distancing
measures will be in place.
About GoGold Resources
GoGold Resources (TSX: GGD) is
a Canadian-based silver and gold producer focused on operating,
developing, exploring and acquiring high quality projects in
Mexico. The Company operates the
Parral Tailings project in the state of
Chihuahua and has the Los Ricos exploration project in the
state of Jalisco. Headquartered in
Halifax, NS, GoGold is building a
portfolio of low cost, high margin projects. For more information
visit gogoldresources.com.
CAUTIONARY STATEMENT:
The securities described herein
have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or
any state securities laws, and may not be offered or sold within
the United States or to, or for
the benefit of, U.S. persons (as defined in Regulation S under the
U.S. Securities Act) except in compliance with the registration
requirements of the U.S. Securities Act and applicable state
securities laws or pursuant to exemptions therefrom. This release
does not constitute an offer to sell or a solicitation of an offer
to buy of any of GoGold's securities in the United States.
This news release may contain "forward-looking information" as
defined in applicable Canadian securities legislation. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
the Parral tailings project, the Los Ricos project, future
operating margins, future production and processing, and future
plans and objectives of GoGold, constitute forward looking
information that involve various risks and uncertainties.
Forward-looking information is based on a number of factors and
assumptions which have been used to develop such information but
which may prove to be incorrect, including, but not limited to,
assumptions in connection with the continuance of GoGold and its
subsidiaries as a going concern, general economic and market
conditions, mineral prices, the accuracy of mineral resource
estimates, and the performance of the Parral project There can be
no assurance that such information will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such forward-looking information.
Important factors that could cause actual results to differ
materially from GoGold's expectations include exploration and
development risks associated with GoGold's projects, the failure to
establish estimated mineral resources or mineral reserves,
volatility of commodity prices, variations of recovery rates, and
global economic conditions. For additional information with respect
to risk factors applicable to GoGold, reference should be made to
GoGold's continuous disclosure materials filed from time to time
with securities regulators, including, but not limited to, GoGold's
Annual Information Form. The forward-looking information contained
in this release is made as of the date of this release.
SOURCE GoGold Resources Inc.