VANCOUVER, Dec. 14, 2015 /CNW/ - First Americas Gold Corporation (TSX-V:FAC) (the "Company") wishes to provide a corporate update to shareholders regarding the status of the Company, its activities over the past year, and its outlook for the coming year.
Over the past year, the Company has taken proactive steps to restructure itself and forge ahead with new board members and management. Despite the current commodity market conditions, efforts to capitalize the Company during the year have been successful and the Company continues to capitalize to strengthen its cash position for working capital requirements and for new opportunities.
This coming year the Company is excited to explore Green Horn while at the same time explore new ventures. The Company will be actively seeking and evaluating opportunities for advanced stage gold assets in efforts to expand its project portfolio while maximizing value for the Company's shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS OF
FIRST AMERICAS GOLD CORPORATION
Per: Anthony Jackson, President and CEO
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the grant and exercise of the option to acquire a 100% interest in the Green Horn Property, the timing and payment of the option payments, the Company's plans and timing for exploration of the Green Horn Property and, testing of samples collected during the proposed exploration program on the Green Horn Property. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its option payments pursuant to the Agreement, the proposed exploration program on the Green Horn Property may not be completed as and when expected or at all, such other risks as are customarily associated with mineral exploration activities, and such other factors beyond the control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking statements or forward-looking information in this news release.
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.
SOURCE First Americas Gold Corporation
For further information: please contact the Company at 604-283-1722