GREAT WEST GOLD, INC. - 30% STOCK DIVIDEND Company confirms the 30% Stock Dividend to reward its Shareholders
NEW YORK, NY, August 23, 2006, Great West Gold, Inc. (PINKSHEETS:GWGO) confirms that the Company authorized a 30% (thirty percent) dividend of the Company's Common Stock to its stockholders as announced on August 8, 2006.
This Stock Dividend "Record Date" is on Monday August 28, 2006. Any stockholder electing to receive this Stock dividend must be a registered stockholder as at Monday August 28, 2006. The Stock Dividend Pay Date to eligible stockholders will be on Friday September 8, 2006.
The Company elected to reward those stockholders who had remained loyal to the Company despite the lengthy delay in the Company's filings and hopes that this dividend would offset some of the losses suffered by the Company's stockholders caused by the very substantial fall in the Company's stock price in recent months.
This Stock Dividend will be electronically credited to stockholders brokerage accounts on the Pay Date. Those stockholders who are not holding their stockholding with their Brokers or hold restricted shares of the Company's Common Stock, will receive their Stock Dividends in certificated form.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has Gold assets through its holdings in "Bouse", "Mockingbird", "Ambassador", "Yaba", "Golden Eagle" and "South Copperstone" and Copper assets through its holdings in "Copper Mountain". The Company holds five of these Mining Assets through its 48% holding in Bouse Mining Holdings plc, Copperstone Mining Holdings plc, Ambassador Gold Holdings plc, Golden Eagle Mining Holdings plc and in Sentinel Resource Holdings plc. The other three projects are 100% controlled by the Company.
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.
Great West Gold, Inc.
Tel : + 44 845 127 4051