Las Vegas, Nevada - (Newsfile Corp. - April 4, 2014) (www.investorideas.com newswire) Canyon Gold Corp. (OTCQB: CGCC) (the "Company") a gold exploration company with substantial claims in a region of Nevada experiencing vast new gold discoveries, is pleased to announce the final approval by FINRA of the reverse split of the Company's common stock.
The reverse split of One share for Twenty shares (1:20) of the Company's common issued and outstanding shares will take effect on April 4, 2014.
The Company's Business:
CanyonGold owns and or controls through certain options a 100% interest in 310 mineral lease claims in the Spruce Ridge area of Nevada. The Company intends to explore its claims for the same type of gold deposit similar to the West Pequop Mountains Long Canyon type of Carlin Type gold deposit. CanyonGold will use similar exploration techniques modified to fit the characteristics of the Spruce Hills property, which have fracturing and alteration mineral geology similar to that of Long Canyon.
This news release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives or expected results of the Company, are forward-looking statements that involve various risks and uncertainties. Forward looking statements in this news release include statements that we will carry out an exploration program and exercise our option to lease additional claims. There can be no assurance that such statements will prove to be accurate and actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not be able to get equipment or labor as we need it; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent reports filed with the Securities and Exchange Commission.
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