/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
Trading Symbol: TSX-V: GGD
Shares Issued: 55,716,665
HALIFAX, May 2 /CNW/ - Terry Coughlan, President and CEO of GoGold
Resources Inc. ("GoGold" or the "Company", TSXV: GGD), is pleased to
announce that it has retained the services of German-based Sigorex
Management GmbH ("Sigorex") as a consultant to provide investor
relations activities in Europe.
Sigorex is a German-based investor relations company in operation since
2004 and whose Managing Director is Markus Kaempf. Both Sigorex and Mr.
Kaempf are at arm's length to the Company and neither currently own any
common shares of the Company. GoGold has entered into a contract with
Sigorex for a term of six months that may be extended on mutual consent
for a further six months. In consideration for Sigorex's services,
GoGold Resources Inc. has agreed to pay a fee of 20,000 Euros in two
equal payments, one on contract signing and another after three months.
The funds will be sourced from working capital. Sigorex will assist the
Company in developing communications packages, organizing and making
presentations, representing the Company at trade shows, liaising with
the investment community, introducing the management of the Company to
investors and assisting in the presentation of information to those
The Company also announces the granting of 100,000 incentive stock
options to Sigorex under the Company's Stock Option Plan. The options
are exercisable at a price of $0.85 per share and vest one-half in six
months and the final half in one year from the Effective Date. The
options will expire eighteen months from the Effective Date.
Terry Coughlan stated, "I am confident that engaging Sigorex, a quality
organization with a proven track record, will further enhance the image
and awareness of GoGold Resources within the European capital markets.
Combined with our strategic North American investor relations efforts,
this new contract with Sigorex will continue to advance our investor
relations on a global scale."
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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 of GoGold, are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from GoGold's expectations are exploration risks
detailed herein and from time to time in the filings made by GoGold
with securities regulators.
SOURCE GOGOLD RESOURCES INC.
For further information:
Terence F. Coughlan, President,
GoGold Resources Inc.,
T: 902 482-1998
F: 902 442-1898,
or visit GoGold's website at: www.gogoldresources.com.