2012-09-18 15:35:10 -
Vancouver, British Columbia CANADA, September 18, 2012 /FSC/ - Open Gold Corp. (OPG - TSX Venture)
In May 2012, Open Gold Corp. ("Open Gold" or the "Company") announced the addition of Mr. Bryson Goodwin as President, CEO and Director. This appointment comes at a very important juncture in the Company's future. Mr. Goodwin's mandate for Open Gold is to deliver long term value to our shareholders by effectively executing the Company's corporate objectives. Since his appointment, Mr. Goodwin has successfully:
* Negotiated the option on the Mitchell property from Foundation Resources. This highly prospective and easily accessible Volcanic Massive Sulfide gave the Company the ability to promote and explore in the world class Red Lake mining district of Ontario. Since
acquiring its option on the Mitchell property, the Company has completed an assessment report and recently sent surface samples to be assayed at the lab. A news release will be issued upon receipt of the assay results. The Company is planning an aggressive drill and exploration program set to commence later this year and through to next.
* Completed the corporate branding. This includes a new web site with greater market integration and compliance. A new look and direction more in line with where we are and where we plan to go and a new logo and color scheme.
* Secured a financing for further development of the newly acquired exploration project. This resulted in a fast closing of an oversubscribed private placement.
* Initiated a comprehensive investor awareness and marketing campaign.
Going forward a message from Mr. Goodwin;
"It is early days at Open Gold, however, our shareholders will have a lot to be excited about. We have sent the samples from the Mitchell property off to the lab and I greatly anticipate that they will strengthen our belief that this property will bear fruit. I was extremely pleased with the response to our announced financing. Going forward I am still committed to marketing the Company aggressively and acquiring additional properties that will strengthen and add value to Open Gold. My primary commitment is to increase valuation and deliver on the expectations of Open Gold shareholders! We have a number of anticipated catalysts that should generate a great degree of excitement and market discussion. I very much look forward to growing this company!"
On behalf of the Board of Directors
OPEN GOLD CORP.
President & CEO
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
To view this release as a web page, please click on the following link:
Open Gold Corp. (TSX-V: OPG)
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