2013-11-01 18:22:40 -
Richmond , IN US, November 01, 2013 /FSC/ - South American Gold Corp. (SAGD - OTCQB), is pleased to announce it has formed an international trading division.
South American Gold recently announced it is conducting a review of operations, financing and capital structure to advance its strategy of building shareholder value. The Company has significant expertise in the mining sector and international business through the experience of its management and consultants. The Company has determined that establishing a new trading division building on this expertise can supplement and support its mining exploration division.
The trading division will focus initially on metal trading but will consider other trading and consulting opportunities designed to build revenue and cash flow. Our
geographic focus will be worldwide with a focus on services and products for the metals, alternative energy and agricultural niche markets. The Company maintains a representative office in Colombia, and is planning on establishing further representation in Europe to provide wider market coverage.
The Company is also reviewing all current mineral property interests to consider alternative arrangements to conserve working capital and build leverage to exploration activities. We expect this review to be completed in current quarter. We continue to consider new projects for acquisition, and potential joint-ventures.
Operating Strategy and Business Plan
The revised operating plan of a dual-division structure is a result of our on-going review of our capital structure and financing plans going forward. This review as previously announced has been considering various options to improve the financing of the Company to implement its business plan.
About South American Gold:
South American Gold Corp (OTC QB: SAGD) is an exploration mining company focused on the discovery, acquisition, exploration and development of gold and silver deposits in North and South America, and southeastern Europe, and recently formed an international trading division.. Our dual strategy is to acquire a pipeline of mining prospects in historic mining districts to explore, develop or joint venture, with an objective of establishing commercial production, and develop sales and cash flow from trading operations.
David Kugelman, Atlanta Capital Partners
Web Site: www.sagoldcorp.com
This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words , or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South American Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance , or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10k, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. The company has limited financial capability to implement its business plan.
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Source: South American Gold Corp. (OTC QB: SAGD) www.sagoldcorp.com
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