LAS VEGAS, May 30, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- South American Gold Corp (OTC:SAGD) provided a market update regarding the two cannabis related acquisition targets with whom SAGD has been negotiating. With both acquisition targets having existing operations with current revenue, and both having business models that are centered around value-added products within the cannabis sector, the Company has decided to pursue both opportunities with the hopes of securing financing and stock to complete both transactions.
Gary Austin, director of South American Gold Corp, commented on this news, “Our goal is to complete a transaction that will enable us to begin creating strong revenue with little out of pocket money on the front end. One of our targets has already agreed in principal with our offer and we are working on the final terms to move towards a final agreement. Based on recent conversations with the principals we are hopeful that we will close on this first acquisition in June. The second opportunity is still in negotiations, but we feel very confident we are getting close to a solution that makes sense for everyone involved.”
Mr. Austin continued, “Our Company is sitting on a wealth of very strong technology assets that are built around the cannabis industry. Our board feels strongly that we can unlock the full potential of those assets by combining them with the strength and longevity of a couple of very strong tangible products that support the same sector. We have made that our goal and we are moving aggressively to complete that goal. We have a good team in place and I feel encouraged that we will get the job done.”
About SAGD : South American Gold Corp (SAGD) is an operational management company focused on enhancing shareholder value by acquiring and operating under valued cannabis and tech assets.
Corporate Website: www.sagdcorp.co
Media contact: info@sagdcorp.co
General contact: info@sagdcorp.co
Disclaimer : This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "looks," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release may incorporate by reference the Company's reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential projects and/or acquisitions will be favorable nor that definitive terms can be negotiated. Investors should consult their financial advisor before making an investment in a company.
