Dear valued subscribers,
Earlier we alerted you to GGCO, and the potential for a bounce.
They just released some pretty big news, check it out below.
Ghana Gold Corporation Announces LOI to Acquire Founders Mining
PORT ST. LUCIE, Fla., March 1, 2013 /PRNewswire/ — Ghana Gold Corporation; (GGCO)
is pleased to announce that they have entered into a Letter of Intent
to acquire Founders Mining & Minerals PLC. (GXG:FMMP).
Founders Mining & Minerals PLC is a UK based company which
commenced gold production in Ghana’s Western Region in February 2011.
In addition to increasing Ghana Gold’s fleet of heavy equipment,
Founders brings further alluvial and hard Rock land options, including
an agreement to develop 250 Acres, with a low land royalty, on the huge
Jukwa Concession, the same on which Ghana Gold is already in production.
It is expected that this merger and the additional equipment, Ghana
Gold will increase its’ excavation potential and subsequently increase
production significantly. The combination of the two firms will create
greater economies of scale and cost savings for alluvial operations.
The Companies management has been engaged in merger discussions for
several months and has resulted in this LOI. The combined Company will
continue under the name of Ghana Gold Corporation which best reflects
the business and the region in which the two companies conduct mining.
Management hopes to finalize all details of the transaction within the
next 30 days.
Mr. Robert Kirkcaldy, President and COO of Ghana Gold Corporation,
commented, "We are very excited to bring Founders assets into Ghana
Gold. We’ll have choices on where to deploy Founders heavy equipment.
As soon as our Ahenkro is approved, we’ll strongly consider deploying
the equipment there to jumpstart production. This is a significant step
with regard to the Company’s aspirations to becoming a leading gold
developer in Ghana and West Africa."
The company’s website is www.Ghanagoldcorporation.com
Contact: Robert Kirkcaldy, President and COO
Ghana Gold Corporation
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of
historical fact, may include forward-looking information that involves
various risks and uncertainties. There can be no assurance that such
forward-looking statements will prove to be accurate. Actual result and
future events could differ materially from those anticipated in such
statements. These and all subsequent written and oral forward-looking
statements are based on the estimates and opinions of management on the
dates they are made and expressly qualified in their entirety by this
notice. The Company assumes no obligation to update forward-looking
statements should circumstances or management’s estimates or opinions
change, other than as required pursuant to applicable securities laws.
And don’t forget to watch DMHI also, after the dropped the news that their product had received FDA approval.
All the best today.
Penny Stock General
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