GoGold Provides Corporate Update on COVID- 19 Procedures and AGM
GoGold Provides Corporate Update on COVID-
19 Procedures and AGM
Shares Outstanding: 222,025,246
Trading Symbols: TSX: GGD
OTCQX: GLGDF
HALIFAX
,
March 18, 2020
/CNW/ -
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
("GoGold", "the Company")
provides an update relating to the COVID-19 related market
uncertainty and an update on the Company's upcoming AGM scheduled for
March 25, 2020
.
The Company is following WHO directives at its Parral and Los Ricos projects which are in full
operation.
"The constantly changing COVID-19 situation is unprecedented and for many is a time filled with
uncertainty. The safety of our employees is of the utmost importance to us. We'd like to assure our
shareholders that operations at Parral and Los Ricos are continuing as we monitor the situation.
Procedures have been implemented at both sites including employee education and increased
sanitization. All individuals entering the sites will be monitored for symptoms including elevated
temperatures," said
Brad Langille
, President and CEO. "With the recently completed financing, the
Company is in a strong financial position with a current cash balance of approximately
$20 million
USD
, which provides the Company with the flexibility to manage this unprecedented event and
position itself strongly for the future."
Annual General Meeting ("AGM") Update
The Company's AGM is scheduled for
March 25, 2020
at
6:00 PM
at Hotel Halifax, 1990 Barrington
Street, in
Halifax
, NS. The Company encourages all shareholders to vote online in advance of the
meeting date and not to attend the meeting in person to minimize the number of individuals present in
response to the COVID-19 situation. Guests will not be permitted to attend the meeting. The legal
requirements of the AGM will be completed, with no traditional social reception or investor
presentation. The Company will adhere to all Health Canada and Provincial restrictions and
recommendations regarding public meetings, and social distancing measures will be in place.
About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on
operating, developing, exploring and acquiring high quality projects in
Mexico
. The Company
operates the Parral Tailings project in the
state of Chihuahua
and has the Los Ricos exploration
project in the state of
Jalisco
. Headquartered in
Halifax, NS
, GoGold is building a portfolio of low
cost, high margin projects. For more information visit
gogoldresources.com
.
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and
may not be offered or sold within
the United States
or to, or for the benefit of, U.S. persons (as
defined in Regulation S under the U.S. Securities Act) except in compliance with the registration
requirements of the U.S. Securities Act and applicable state securities laws or pursuant to
exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to
buy of any of GoGold's securities in
the United States
.
This news release may contain "forward-looking information" as defined in applicable Canadian
securities legislation. All statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding the Parral tailings project, the Los Ricos project,
future operating margins, future production and processing, and future plans and objectives of
GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-
looking information is based on a number of factors and assumptions which have been used to
develop such information but which may prove to be incorrect, including, but not limited to,
assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern,
general economic and market conditions, mineral prices, the accuracy of mineral resource
estimates, and the performance of the Parral project There can be no assurance that such
information will prove to be accurate and actual results and future events could differ materially from
those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from GoGold's expectations
include exploration and development risks associated with GoGold's projects, the failure to establish
estimated mineral resources or mineral reserves, volatility of commodity prices, variations of
recovery rates, and global economic conditions. For additional information with respect to risk
factors applicable to GoGold, reference should be made to GoGold's continuous disclosure
materials filed from time to time with securities regulators, including, but not limited to, GoGold's
Annual Information Form. The forward-looking information contained in this release is made as of the
date of this release.
SOURCE
GoGold Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/March2020/18/c8307.html
%SEDAR: 00029249E
For further information:
Steve Low, Corporate Development, GoGold Resources, T: 416 855
0435, E: [email protected]
CO: GoGold Resources Inc.
CNW 08:30e 18-MAR-20