Pacific Gold Corp. Announces Stock Dividend
February 20 2009 - 2:45PM
PR Newswire (US)
Shareholders of Record as of March 2, 2009 to Receive Ownership
Stake in Oregon Gold TORONTO, Feb. 20 /PRNewswire-FirstCall/ --
Pacific Gold Corp. (OTCBB: PCFG) announced today that its directors
have approved the issuance of shares representing approximately 20%
of its ownership interest in its wholly-owned subsidiary, Oregon
Gold, Inc. ("Oregon Gold") to the shareholders of Pacific Gold
Corp. via a stock dividend. Oregon Gold owns the Bear Bench claims
and Defiance mine, located in south-western Oregon Shareholders of
record on March 2, 2009 will receive approximately one share of
Oregon Gold, Inc. for each one hundred shares of Pacific Gold Corp.
that they hold on the record date. Shares will be distributed by
the Oregon Gold transfer agent on March 9, 2009. The stock is
expected to commence trading on the Over-the-Counter Bulletin Board
shortly thereafter. To find out more about Pacific Gold Corp.
(OTCBB: PCFG), visit the Company's website at
http://www.pacificgoldcorp.com/. Or contact the Company directly at
416-214-1483. About the Company Pacific Gold Corp.'s business plan
provides for the acquisition and development of production-ready
and in-production mining operations. The company is focused on
alluvial gold and base metals operations located in western North
America. Pacific Gold Corp. owns five operating subsidiaries:
Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black
Rock Canyon gold mine, located in north-central Nevada; Pilot
Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large
tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley
Gold") acquired exclusive lease rights to mine the Lower Olinghouse
Placers in north-western Nevada; Oregon Gold, Inc. ("Oregon Gold")
owns the Bear Bench claims and Defiance mine, located in
south-western Oregon; and Pacific Metals Corp. ("Pacific Metals")
owns 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 2008
and beyond, to differ materially from those expressed in, or
implied by, these forward-looking statements. DATASOURCE: Pacific
Gold Corp. CONTACT: To find out more about Pacific Gold Corp.
(OTCBB: PCFG), visit the Company's website at
http://www.pacificgoldcorp.com/; Or contact the Company directly at
(416) 214-1483
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