LAS VEGAS, June 11, 2014 /PRNewswire/ - Orofino Gold
Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased
to announce that the Company's Board of Directors have started
negotiating transactions with key players in the Uinta Basin to
bring increased revenues to the company. Currently the company is
working on a deal to bring two companies together in the sale of
major oil assets and plans on retaining a portion of the profits.
Bakken because of Non-Disclosers with the companies cannot disclose
details of the deal until completed, as pricing is a part of the
negotiation.
Bakken Energy is currently acting as a facilitator in the Coal,
Oil, and Leasing sectors. As a result of this the net revenues
generated from this are expected to generate roughly Ten million,
(10,000,000) annually to the bottom line of the company. Bakken's
role includes, but is not limited to bringing both buyer and seller
to the table for the above sectors, becoming either the buyer or
seller, and lastly providing services for these entities. It is
expected that this revenue will start impacting the bottom line
within 60 days due to purchases and shipping timelines.
Furthermore, these contracts, collectively will amount to 36 months
of recurring revenues. The company will announce the details of the
first deal by the end of the month.
Bakken is further expanding its reach into the Energy land, Real
Estate sector by both purchasing and or leasing land that comes
with mineral rights as to enable drilling or E&P services on
such land. The company is currently looking at land to satisfy
these needs in Utah, North Dakota, South
Dakota, Wyoming,
New Mexico, and Colorado.
The company expects to have the name change and information for
the dividend completed shortly as they await approval from FINRA on
both.
Forward-Looking Statements
These statements are not guarantees of future performance and
involve certain risks and uncertainties that are difficult to
predict. Actual results could vary materially from the description
contained herein due to many risk factors that affect the industry
the Company operates in and other risk factors listed from time to
time in the Company's Securities and Exchange Commission (SEC)
filings under "risk factors" and elsewhere. The forward-looking
statements contained in this press release speak only as of the
date on which they are and the Company does not undertake any
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this press release.
SOURCE Orofino Gold Corp.