PMI Gold Corporation - Trafalgar Capital Loan Update
18:56 EDT Thursday, March 26, 2009
globeinvestor.com
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/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO
U.S. NEWS AGENCIES/
TSX Venture Exchange: PMV
US PMVGF.PK
Frankfurt: AOJMW7
Issued & Outstanding: 87,617,570
Fully Diluted: 127,267,481
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VANCOUVER, March 26 /CNW/ - PMI Gold Corporation (TSX.V:PMV), the Company has today received notice of default from Trafalgar Capital Specialized Investment Fund, FIS. The notice specifies that the Company has 10 days to correct the default by paying out the balance of the funds owed to Trafalgar.
The Company is in discussions with numerous financing sources with respect to satisfying the outstanding debt issues and moving the Company's projects forward. Further information will be released when and as available.
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On behalf of the Board,
"Douglas R. MacQuarrie"
President & CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. We Seek Safe Harbour.
%SEDAR: 00005434E
For further information: Douglas MacQuarrie, President & CEO, Telephone: (604) 682-8089, Toll-Free: (888) 682-8089, Facsimile: (604) 682-8094; or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: frram@aon.at; or John Mullen: Tel: 41-79-694-8671, e-mail: John Mullen@bluewin.ch; Or visit the PMI Gold Corporation website at www.pmigoldcorp.com |
