I am loading DKGR up here.I believe it's due to run.
(Last p/r)
Drake Gold Resources, Inc. (PINK SHEETS:DKGR - News) is pleased to
announce that we are completing negotiations for the spin off of the
specialty assets from our former business model, including patented
processes, wheel designs, patent pending switch plates and designs,
a series of apparel designs and unique licenses in the sports world.
The assets are very unique and we have had some very interesting
offers put on the table. Another company who deals in outdoor
products, sports products and apparel has approached us, and they
have made several offers for the purchase of these assets.
There are two likely scenarios, either a cash and stock transaction
or an all stock transaction in which all stock would be issued as a
dividend to current DKGR shareholders as of a soon to be determined
record date.
The company is pleased to be able to spin off the former companies
assets to benefit current shareholders with added value through a
stock dividend. This step completes the full transition from the
previous model to the precious metal exploration and production
business. We will make the formal announcement of the spin off with
all the remaining details within a couple days once the agreements
have been solidified.
Drake Gold Resources, Inc. will complete the acquisition of the 1280-
acre gold/silver/copper property in South-Eastern Arizona once the
formal agreement is completed and begin full-scale operations as
soon as possible thereafter. The project manager, Norm Pearson just
returned from his latest visit to the area and was able to gather
information to determine trends and precious metal deposits which
will be made public soon. Mr. Pearson has optioned a series of
properties in the same mining rich area through our agreement with
Thunder Gulch Resources Ltd. and DKGR is finalizing plans for future
acquisitions.
Current and future shareholders are encouraged to sign up for email
updates on our new website to stay up to the minute on new releases,
reports, interviews, industry news and market related information.
The sign up is located on the left.
Shareholder inquires and suggestions are welcomed and should be
directed to the Drake Gold Investor Relations Team at the toll free
# 1-888-601-9983 or internationally at 1-503-618-0370 or via email
at info@novakcapital.com.
About Drake Gold Resources, Inc.
Drake Gold Resources, Inc. is an early stage mining company that
focuses on the exploration and production of precious metals. DKGR
just announced its intent on a 1280-acre property in a mining rich
area in Arizona. Several other projects have been identified through
Thunder Gulch Resources Ltd. and its resources in North and Central
America, which will be released as the agreements are completed. We
are looking at properties of merits that contain gold, silver,
copper, and molybdenum. The company currently has two consultants
including Richard Biscan of Tara Gold Resources Inc. and Norm
Pearson of Thunder Gulch Resources Ltd.
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