Alpha Gold Shareholders Vote in Favour of All Motions at AGM
VANCOUVER, Aug. 30, 2012 /CNW/ - Alpha Gold Corp. (TSXV: ALQ) (the "Company") is pleased to announce that shareholders overwhelming approved all motions presented at the Annual General and Special Meeting held August 28th, with most items receiving over 90% support from votes cast. The voting results are taken as an endorsement of Management's strategies in these troubled times, and included approval for a potential share consolidation between 5:1 and 15:1. The Company currently has 47,236,701 shares issued and outstanding.
Going forward, Management will be focusing on:
a) Interpretation and follow up from results of Lustdust Property data compilation currently being done by Aurora Geosciences Ltd.;
b) Possible investment opportunities by way of joint venture or acquisition of property in exchange for ALQ share position; and
c) Raising funds prudently.
About Alpha Gold Corporation
Alpha Gold is a mineral exploration company whose 100%-owned, royalty-free, Lustdust Property is advantageously situated with nearby road and rail access in north-central British Columbia. Lustdust consists of 20 contiguous mineral claims covering 9,583 hectares and contains twelve known mineralized areas, of which the copper-gold-silver Canyon Creek Skarn Deposit has a NI 43-101 compliant resource. Alpha Gold Corporation has approximately 47.2 million shares issued and outstanding, 53.0 million fully diluted. Shares are listed on the TSX Venture Exchange under the symbol "ALQ".
- Carl Pines, CEO, Director, on behalf of Alpha Gold Corp.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgement as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
SOURCE: Alpha Gold Corp.For further information:
Please visit www.alphagold.bc.ca or contact:
CHF Investor Relations
Cathy Hume, CEO
T: 416-868-1079 x231