TSX-V TRADING SYMBOL: GUM
Website:
aumtn.com
VANCOUVER, July 13, 2016 /CNW/ - Gold Mountain Mining
Corporation (the "Company" or "Gold Mountain") is pleased to
announce KCR LLC has acquired ownership of 20 million common shares
of Gold Mountain Mining Corporation.
Following the completion of the transaction, KCR LLC has
ownership of 30,216,500 common shares of Gold Mountain Mining
Corporation, representing approximately 43.8% of the current issued
and outstanding common shares. KCR LLC acquired the shares, through
a private transaction at a price of $0.10/share.
Jim O'Rourke, Gold Mountain's
Chairman of the Board, said, "We are very pleased to welcome the
KCR fund as the new major shareholder. The addition of an
aggressive and active group will be a significant contribution to
moving our company forward. We are eager to receive their
input."
About Gold Mountain Mining
Gold Mountain is a public resource company managed by an
experienced team of professionals with a solid track record of
exploration and development success. The Company owns 100% of
the 16,700 hectare Elk Gold property, which the Company intends to
develop into a precious metal producer within the next two years,
and is also seeking additional near-term production assets to
further build shareholder value. Additional information is
available on Sedar.com or on the Company's website at
www.aumtn.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
ON BEHALF OF THE BOARD
"Chris McLeod" (signed)
Chris McLeod, President &
CEO
Forward-Looking Statements: This news release contains
forward-looking statements that are based on the Company's current
expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate",
"suggest", "indicate" and other similar words or statements that
certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding the closing of further
tranches of the Offering, the use of proceeds from the
Offering and the Company's plans with respect to the exploration
and development of its projects. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ materially from
estimated or anticipated events or results implied or expressed in
such forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
SOURCE Gold Mountain Mining Corporation