LAS VEGAS, June 20, 2011 /PRNewswire/ - Gold Dynamics Corp. (OTCBB:GLDN) ("Gold Dynamics Corp." or the "Company") is pleased to announce that the terms of acquisition have been reached in connection with the letter of understanding between the Company and Artemio Terrazas Arredondo and Norma Velazquez Jurgeit regarding the option, purchase and operation by the Company of the Santiago Gold Property located in the state of Durango of Mexico.
Mr. Arredondo and Mrs. Jurgeit are collectively the registered and beneficial owners of a 100% interest in the Santiago Gold Property. They have agreed to option their 100% interest to the Company in exchange for a $35,000 option payment. In addition, the Company has committed to a geological exploration program and a drilling program consisting of a minimum of 500 meters of drilling in the first year. The Company will also have two years to acquire the property in exchange for a further payment of $400,000 to Mr. Arredondo and Mrs. Jurgeit combined and also, the provision of a 1% NSR royalty to each of Mr. Arredondo and Mrs. Jurgeit.
The Company is planning on furthering the past extensive geological work performed and also on commencing new exploration work and a drilling program in other regions of the property.
For a full account of Gold Dynamics Corp. corporate objectives and contact information, please visit the website at www.golddynamics.com
ABOUT GOLD DYNAMICS CORP.
Gold Dynamics Corp. is an emerging precious metals explorer focused on underexplored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration. The Company has brought together a highly experienced board and management team consisting of capable professionals with significant development and mine management experience.
Gold Dynamics Corp. seeks to identify, acquire, and develop deposits which have the potential to be world class and in an acceptable risk environment. Social responsibility and environmental stewardship are core values of the Company.
Forward-Looking Statements
This current report contains "forward-looking statements," as that term
is defined in Section 27A of the United States Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Statements in
this press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future, or the generation of
positive cash flow as a result, updating of the corporate website or
the availability of an independent geological report outlining the
leases, their production, and their potential.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Gold Dynamics
