California Gold Announces Commencement of Trading on OTCQX Marketplace as “CFGMF” and Grant of Stock Options
September 03 2014 - 8:00AM
Business Wire
California Gold Mining Inc. (“California Gold” or the “Company”;
TSXV – CGM; OTCQX – CFGMF) is pleased to announce that its common
shares have commenced trading on the OTCQX marketplace in the U.S.,
under the ticker CFGMF.
Trading on OTCQX is designed to provide current and future
U.S.-based shareholders with greater access to and ease of trading
in California Gold’s shares. California Gold will provide
home-country disclosure to U.S. investors. U.S. investors can find
current financial disclosures and Real-Time Level 2 quotes for
California Gold on www.otcmarkets.com. Financial disclosure and
other information about the Company are also available at
www.caligold.ca.
“Our Fremont gold project is located in California, and many of
our investors are US-based so the OTCQX listing is a natural
evolution for the Company; we are looking forward to increased
market visibility and trading in the US,” commented Chad Williams,
Interim President and CEO of California Gold.
Berns & Berns will serve as the Company’s Principal American
Liaison (“PAL”) on the OTCQX, and will be responsible for providing
guidance on OTCQX requirements and U.S. securities laws.
In connection with California Gold’s approval to trade on the
OTCQX, the Company has arranged for its company information to be
made available via S&P Capital IQ Corporation Records
Listing Program. As part of the program, a full description of
California Gold will be published in the Daily News Section of
Standard & Poor’s Corporation Records, a recognized securities
manual for secondary trading in up to 38 states under the Blue Sky
Laws. S&P Capital IQ Corporation Records is available in print,
CD-ROM, and via the web at www.netadvantage.standardandpoors.com,
as well as through numerous electronic vendors. The information
about California Gold to be made available through this program
includes an in-depth description of California Gold’s business
operations, share price, shares outstanding, company financial
position, earnings, and full income statement and balance
sheet.
Grant of Stock Options
The Company also announces that it has granted certain members
of management and its board of directors options to purchase an
aggregate of 4,850,000 common shares of the Company from treasury,
such options being exercisable on or before the expiry of five
years from the date of grant. The foregoing grant of options is
conditional upon the approval of the TSX Venture Exchange. Of the
foregoing options, 3.6 million vest immediately upon satisfaction
of all regulatory requirements and are exercisable at a price of
$0.20 per common share, while the balance of the options will vest
as to one-quarter on the three, six, nine and twelve month
anniversaries of the issuance thereof and are exercisable at a
price of $0.10 per common share.
About California Gold Mining Inc.
California Gold Mining Inc. is focused on developing its
flagship Fremont gold project in Mariposa County, California. The
project consists of a land package totaling 3,351 acres of
historically producing gold mines. The Fremont Property lies within
California’s prolific Mother Lode Gold Belt that has produced over
50 million oz of gold historically. The Company purchased the
property in March 2013.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of California Gold contains statements that
constitute “forward-looking statements”. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause California Gold's actual results,
performance or achievements, or developments in the industry to
differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by
the words “expects”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or
that events or conditions “will”, “would”, “may”, “could” or
“should” occur. Forward-looking statements in this document include
statements regarding the Company’s expectations regarding the
anticipated benefits of trading on the OTCQX marketplace. There can
be no assurance that such statements will prove to be accurate.
Actual results and future events could differ materially from those
anticipated in such statements, and readers are cautioned not to
place undue reliance on these forward looking statements. Any
factor could cause actual results to differ materially from
California Gold's expectations. California Gold undertakes no
obligation to update these forward looking statements in the event
that management's beliefs, estimates or opinions, or other factors,
should change, unless otherwise required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information contact:
Chad WilliamsInterim President and
CEO647-977-9267 x107
Website: www.caligold.ca
California Gold Mining Inc.Chad Williams, 647-977-9267
x107Interim President and CEOwww.caligold.ca