Golden Sunset Trail Inc. Announces Financial Status Update
December 29 2009 - 4:05PM
Marketwired Canada
GOLDEN SUNSET TRAIL INC. ("Golden Sunset" or the "Corporation") (TSX
VENTURE:GST) hereby announces that its recent attempts to secure financing have
not provided the capital the Corporation was attempting to acquire. The
Corporation's ability to continue as a going concern is dependent upon the
Corporation obtaining funds adequate to meet the cash requirements of the
business. The Corporation currently does not have the necessary funds to meet
certain of its current obligations and those coming due in January 2010. As a
result the Corporation is focusing its efforts on finding a remedy to this
situation including seeking outside capital and potential asset sales. While the
Corporation is focusing its best efforts on these matters, there are no
assurances that management will be successful in such initiatives. At this time
there is a significant risk regarding the Corporation's ability to continue as a
going concern and be able to maintain its public listing requirements.
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