Orofino Gold Corp: The Company negotiates Rio-Viejo Joint/Venture to add shareholder value.
08 August 2013 - 11:00AM
OTC Markets
Orofino Gold Corp: The Company negotiates Rio-Viejo Joint/Venture
to add shareholder value.
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Orofino Gold Corp: The Company negotiates Rio-Viejo Joint/Venture
to add shareholder value.
Canada NewsWire
LAS VEGAS, Aug. 8, 2013
LAS VEGAS, Aug. 8, 2013 /CNW/ - Orofino Gold Corp. (PINK
OTC: ORFG)
("Orofino Gold" or the "Company") is pleased to announce that
the
Company is in discussions regarding the grant of an option and
formation of joint venture on its gold/silver properties located
in
Colombia. The company holds an
option to acquire 80-per-cent working
interest in the highly mineralized Gold/Silver concessions
consisting
of the Rio Viejo properties, subject to royalty interests.
The Company has to date spent approx.. $
2,000,000 USD on acquisitions,
exploration of various concessions, field exploration
operations,
equipment leases and etc. in Colombia.
The Company announces that shareholders of record as of
September 15,
2013, will be eligible to receive 10% dividend in shares of
the
Company, the Company expects to have shareholders be shareholders
of
record on or before the said deadline.
Forward-Looking Statements
These statements are not guarantees of future performance and
involve
certain risks and uncertainties that are difficult to predict.
Actual
results could vary materially from the description contained herein
due
to many risk factors that affect the industry the Company operates
in
and other risk factors listed from time to time in the
Company's
Securities and Exchange Commission (SEC) filings under "risk
factors"
and elsewhere. The forward-looking statements contained in this
press
release speak only as of the date on which they are made, and
the
Company does not undertake any obligation to update any
forward-looking
statement to reflect events or circumstances after the date of
this
press release.
SOURCE Orofino Gold Corp.
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