Pacific Gold Corp.: Project W Sale Completed
TORONTO, ONTARIO--(Marketwired - Jul 9, 2013) - Pacific Gold Corp. (OTCQB:PCFG)(PINKSHEETS:PCFG).
Pacific Gold Corp. announced today that Pilot Metals has agreed to an early exercise of its option to purchase the Project W claims.
As part of the decision to exercise the purchase option, the Company and Pilot Metals have agreed to amend the purchase terms from 3 payments of $500,000 each in September 2013, 2014 and 2015 to two payments, the first being $350,000, which was paid on July 5, 2013 and a further payment of $850,000 due on March 31, 2014. Ownership of the Project W claims has now been transferred to Pilot Metals.
To find out more about Pacific Gold Corp. (OTCQB:PCFG), visit the Company's website at www.pacificgoldcorp.com.
About the Company
Pacific Gold Corp. (OTCQB:PCFG) is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., (OTCBB:PMET) which owns mining claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
