/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER,
Sept. 25, 2013 /CNW/ - Spanish
Mountain Gold Ltd. ("Spanish Mountain" or the
"Company") (TSX-V: SPA) announces that three shareholders of
the Company including two directors (the "lenders") intend
to enter into loan and pledge agreements with certain subscribers
of securities in connection with the closing of the Company's
brokered private placement (the "Offering"), which was
announced on September 5, 2013 and is
expected to close on or about September 26,
2013.
In connection with the closing of the Offering,
it is expected that the lenders will enter into loan and pledge
agreements with certain subscribers under the Offering pursuant to
which the subscribers will borrow an aggregate of 5,850,000 common
shares from lenders' personal shareholdings and pledge an equal
number of common shares acquired through the private placement as
security for such share loans.
This news release does not constitute an offer
to sell or a solicitation of an offer to sell any of the securities
in the United States. The
securities 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 U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on the responsible development
of its flagship Spanish Mountain gold project in southern central
British Columbia. The Company has
no debt and owns 100% of all four gold properties located in
British Columbia. Additional
information about the Company is available on its website:
www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD
Brian Groves,
President & CEO
This News Release contains forward-looking statements, which
relate to future events. In some cases, you can identify
forward-looking statements by terminology such as "will", "may",
"should", "expects", "plans", or "anticipates" or the negative of
these terms or other comparable terminology. These statements are
only predictions and involve known and unknown risks, uncertainties
and other factors that may cause Spanish Mountain's actual results,
level of activity, performance or achievements to be materially
different from any future results, levels of activity, performance,
or achievements expressed or implied by these
forward-looking-statements. Such uncertainties and risks may
include, among others, that the Offering will not complete, actual
results of the Company's exploration activities being different
than those expected by management, delays in obtaining or failure
to obtain required government or other regulatory approvals or
financing, inability to procure equipment and supplies in
sufficient quantities and on a timely basis, equipment breakdown
and bad weather.
While these forward-looking statements, and any assumptions
upon which they are based, are made in good faith and reflect
Spanish Mountain's current judgment regarding the direction of its
business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections,
assumptions or other future performance suggests herein. Except as
required by applicable law, Spanish Mountain does not intend to
update any forward-looking statements to conform these statements
to actual results.
Neither TSX Venture Exchange nor its Regulations
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Spanish Mountain Gold Ltd.