Pacific Gold Corp. - Oregon Gold Trading Symbol
March 10 2009 - 9:00AM
PR Newswire (US)
TORONTO, March 10 /PRNewswire-FirstCall/ -- Pacific Gold Corp.
(OTCBB: PCFG) announced today that Oregon Gold, Inc. received its
trading symbol. The new symbol is ORGG. Pacific Gold distributed
2,000,000 common shares of Oregon Gold, representing 20% of the
Company by way of a stock dividend paid on March 9th to record
holders as of March 2nd. Pacific Gold is spinning off a portion of
the shares of Oregon Gold to its stockholders in order to expand
the possibilities for funding the operations of Oregon Gold and
increasing shareholder value by permitting the market to evaluate
the operations and assets of Oregon Gold apart from those of
Pacific Gold. Oregon Gold owns the Defiance mine and placer claims
covering nearly 280 acres in Josephine County, Oregon. To find out
more about Pacific Gold Corp. (OTCBB: PCFG), or Oregon Gold, Inc.
(OTCBB: ORGG) visit our website at http://www.pacificgoldcorp.com/.
Or contact the Company directly at 416-214-1483. About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and
development of production-ready and in-production mining
operations. The company is focused on alluvial gold and base metals
operations located in western North America. Pacific Gold Corp.
owns five operating subsidiaries: Nevada Rae Gold, Inc. ("Nevada
Rae") owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc. ("Pilot
Mountain") owns Project W, a large tungsten based deposit in
Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive
lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; Oregon Gold, Inc. ("Oregon Gold") owns the Bear Bench
claims and Defiance mine, located in south-western Oregon; and
Pacific Metals Corp. ("Pacific Metals") owns claims in San Juan and
Delores Counties, Colorado, encompassing the historic Graysill
Mine. This news release includes forward-looking statements that
reflect Pacific Gold Corp.'s current expectations about its future
results, performance, prospects and opportunities. Pacific Gold
Corp. has tried to identify these forward-looking statements by
using words and phrases such as "may", "will", "expects",
"anticipates", "believes", "intends", "estimates", "should",
"typical", "we are confident" or similar expressions. These
forward- looking statements are based on information currently
available to Pacific Gold Corp. and are subject to a number of
risks, uncertainties and other factors that could cause the
Company's actual results, performance, prospects of opportunities
in the remainder of 2009 and beyond, to differ materially from
those expressed in, or implied by, these forward-looking
statements. DATASOURCE: Pacific Gold Corp. CONTACT: To find out
more about Pacific Gold Corp. (OTCBB: PCFG), or Oregon Gold, Inc.
(OTCBB: ORGG) visit our website at http://www.pacificgoldcorp.com/.
Or contact the Company directly at (416) 214-1483
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