Hunt Gold Corporation — Bid Update
SOURCE:
Hunt Gold Corporation
2008-08-14 08:23:00
Hunt Gold Corporation — Bid Update
Company Updates Its Stockholders on Takeover Bid
NEW YORK, NY–(EMWNews – August 14, 2008) – Hunt Gold Corporation (
confirmed on August 8, 2008 that the Private Equity Group had increased its
bid price from US$0.025 per share to that US$0.03 per share; in order to
obtain control of the Company.
The Private Equity Group now holds an amount of 93,150,103,500 shares of
your Company’s stock, amounting to 31.7% of your Company’s Common Stock.
The Board of Directors has been advised that the Private Equity Group has
failed to acquire any additional shares of your Company’s Common Stock at
this increased bid price of US$0.03 per share.
The Board of Directors remains of the opinion that the Private Equity Group
will have to very substantially raise their offer price, should they wish
to assume control of your Company.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the
development and exploration of its Gold properties, namely “Mockingbird,”
“Ambassador,” “Golden Eagle,” “Gladstone Lookout,” “Lady Alde,” “Lookout
Silver,” “Starlight,” “American Flag,” “Venezia,” “Stormcloud,” “Cherry,”
“Buffalo Limecap,” “Red Cloud” and “Federal” interests. The Company is
completing the sale of its “American Molygold” interests.
This release contains “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. “Forward-looking statements”
describe future expectations, plans, results, or strategies and are
generally preceded by words such as “may,” “future,” “plan” or “planned,”
“will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or
“projected.” You are cautioned that such statements are subject to a
multitude of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as
a result of various factors, and other risks identified in a companies’
annual report on Form 10-K or 10-KSB and other filings made by such company
with the SEC.
For further information contact:
Hunt Gold Corporation |
|
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions