California Gold Corporate Update
May 12 2014 - 12:46PM
Business Wire
California Gold Mining Inc. (“California Gold” or the “Company”;
TSX-V:CGM) is pleased to announce that it has entered into an
agreement with Red Cloud Mining Capital Inc. (“Red Cloud”). Red
Cloud will provide strategic advisory services, prioritize growth
opportunities, gather market intelligence, and market the Company.
The agreement with Red Cloud is for an initial term of six
months.
In addition, as part of this agreement, Mr. Chad Williams,
P.Eng, will assume the role of Interim President and CEO of
California Gold. Mr. Pat Cronin will remain Chairman of the
Company.
Red Cloud was founded in 2011 by Mr. Williams to provide capital
markets advisory services to high-quality growth mining companies.
Mr. Williams was formerly a senior executive, investment banker,
and top-ranked analyst in the mining space.
About California Gold Mining Inc.
California Gold Mining Inc. (formerly Upper Canada Gold Corp.
TSX-V:UCC) 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 services to be provided by Red Cloud and roles
of others within management. 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 C.E.O.647-977-9267 x 107
Website: www.caligold.ca
California Gold Mining Inc.Chad Williams, 647-977-9267 ext.
107Interim President and CEO
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