Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it has
appointed MDM Worldwide Solutions, Inc. as its Investor Relations
firm and with immediate effect.
The Contact Details are as follows:
MDM Worldwide Solutions, Inc.
989 Avenue of the Americas, 4th Floor
New York, NY 10018
Telephone: (646) 961-4458
E Mail: huntgold@mdmworldwide.com
Contact : Richard Hausig
Your Company's Management has recognized the need to immediately
implement this Investor Relations interaction in order to impart to
our stockholders all timely information and for all stockholder
requests for information on their Company to be dealt with
immediately; given the huge demands upon your Company's
Management's time to deal with the overwhelming amount of requests
for information from their stockholders.
MDM Worldwide Solutions, Inc. will serve as a "bridge" between
your Company's Management and its stockholders. All requests for
information from stockholders are asked to be directed to MDM
Worldwide Solutions, Inc. who will ensure that all enquiries are
promptly and accurately responded to; and where necessary will
obtain the information from the Company's Management on a daily
basis.
Stockholders are asked to bear in mind that not all requests for
information may be satisfactorily addressed due to ongoing or
pending deals with third parties but your Company's Management will
abide by a "Full and Accurate Disclosure Policy." Certain requests
for information will only be addressed by a Press Release to all
stockholders in order to avoid privileged or sensitive information
being released to individual stockholders prior to it being
announced by the Company to all stockholders.
Your Company's Management is dealing with all outstanding issues
at this time, in particular, the Stock Dividend payment which has
been delayed by third parties and their professional advisors, a
situation which is beyond your Company's control. We expect to have
these issues resolved in due course and will issue a detailed and
accurate Statement in respect of all of these issues; once your
Company's Management is in possession of all the verifiable facts
from all of the third parties involved in these various
transactions.
Your Company's Management has elected to take the prudent and
sensible approach which is designed to take the pressure off these
third parties who will be responsible for the payment of these
Stock Dividends. This approach by your Company's Management was
decided upon in order to avoid any costly and time consuming
mistakes being made in this Stock Dividend distribution, a
situation which would not be in our stockholders best
interests.
Your Company's Management wishes to extend its apologizes to all
stockholders for these promised dates not having been met by the
Company and will now be pursuing a policy "going forward" of not
relying upon any third parties and their unsubstantiated promises
in respect of completion dates; when announcing firm dates to our
stockholders.
Stockholders may rest assured that the Stock Dividends in
respect of your Company's sale of the "American Molygold" assets
will be paid to stockholders and that your Company's Management is
doing everything in its power to expedite the process whilst
maintaining a sensible and prudent approach with the third parties
responsible for the payment of these Stock Dividends.
Your Company's Management is satisfied that this process can be
completed within a reasonable period of time but will not commit to
any dates in respect of this "Record Date" until your Company's
Management is completely satisfied that there will be no further
delays from various third parties whom are delaying this process
due to circumstances that we are satisfied are beyond their control
at this time; and in so doing, are causing acute embarrassment to
your Company's Management.
Your Company confirms that the proceeds from the sale of your
Company's "Lookout" Silver interests will be retained by the
Company.
Your Company's Management has been unable to complete the web
site as promised due to the delays in the completion of the Reports
of your Company's various Gold properties by the Company's
Geologists, this being coupled with the endless delays in the
integration of the "live data feed" to the Corporate web site, by
the existing web site designers; and to that end; your Company's
Management has now outsourced the completion and the ongoing
management of your Company's web site to MDM Worldwide Solutions,
Inc., your Company's Investor Relations firm.
The detailed Reports of each of your Company's Gold properties
will be available for download from the Corporate web site as soon
as they are completed. Your Company's Management is confident that
this issue is resolved without any further unnecessary delays. The
Company's Management concedes that these delays to date are
inexcusable and apologize to their stockholders respectfully for
these unacceptable delays.
Stockholders may rest assured that their Company's Management is
acutely aware of the importance of a professional, detailed and
informative Corporate web site and one that is updated on a daily
basis with new information as it becomes available. MDM Worldwide
Solutions, Inc. will be responsible for the management of your
Company's Corporate web site, daily upgrades, marketing as well as
very regular informative E Mail distribution to your Company's
Corporate web site subscribers.
The Company is expecting the final Assay results from the core
samples from the first drill campaign and will be publishing these
results once completed by the Laboratory.
Your Company is in a position to confirm that next "Non Stop"
Drilling phases on a number of your Company's Gold Mining
properties will commence this month, as scheduled. Your Company
will be announcing the awarding of those drilling contracts upon
our final evaluation of the quotes and tenders received from
various drilling contractors. The Company's Geologists are
continuing to identify drill sites on the Company's various
properties.
Your Company's Management would like to remind all of our
present stockholders, and to inform our future stockholders, that
we have every intention of becoming a proven leader in our field of
expertise, that we have the "wherewithal" to do so, without asking
our loyal shareholders to contribute financially to our costly
exploration and drilling. We are in a strong financial position
going forward, especially when compared to the many Junior
Companies in the Mining Sector who are continually seeking cash for
"working capital" from their stockholder base or through other
various forms of stock placements, at substantial discounts; and
for the most, unsuccessfully or on prejudicial terms to their
stockholder base.
Your Company has assumed the financial risk, and is committed to
the aggressive growth in the value of your Company's Gold Mining
properties and its stockholdings in the Silver business obtained by
your Company through the disposal of its "Lookout" Silver
properties.
Your Company's Management is aware that these are troubling
times for many stockholders, but given the continued strength in
the price of Gold and with your Company's Management's very strong
belief in the sustainable strength in the price of Gold; this being
based not only upon supply and demand factors for the metal but
also for its current treasured "safe haven" status in these
turbulent economic times; that the prospects for your Company could
not be more promising at this time.
Your Company's ongoing and extensive exploration of its Gold
Mining properties will continue to add value to your Company's
stock as we continue to seek out and prove additional gold reserves
on your Company's various Gold Mining properties whilst formulating
long term plans to bring certain of your Company's Gold Mining
properties into production.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company
focused on the development and exploration of its Gold properties,
namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone
Lookout," "Lady Alde," "Williamson," "Blue Copper Mine,"
"Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry,"
"Buffalo Limecap," "Red Cloud" and "Federal." The Company has
completed the sale of its "American Molygold" interests and will be
distributing the entire sale proceeds through a Stock Dividend to
its stockholders. The Company has disposed of its "Lookout" Silver
Projects and will be retaining an amount of US$65 million in quoted
stock from that disposal.
For further information contact:
Contact: Richard Hausig
MDM Worldwide Solutions, Inc. (Investor Relations Enquiries)
E Mail: huntgold@mdmworldwide.com
Telephone: (646) 961-4458
Hunt Gold Corporation (Corporate Enquiries)
E Mail: investor@huntgoldcorp.com
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,\"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the SEC.
For further information contact: Contact: Richard Hausig MDM
Worldwide Solutions, Inc. (Investor Relations Enquiries) E Mail:
Email Contact Telephone: (646) 961-4458 Hunt Gold Corporation
(Corporate Enquiries) E Mail: Email Contact Telephone: (954)
840-6956 Contact: Mr. Michael G Saner
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