PALM CITY, Fla., Aug. 18, 2011 /PRNewswire/ -- Greenwood Gold Resources Inc. (OTCBB: GGRI) (OTCQB-GGRI) Made the following announcement.
The company has diligently pursued all avenues for financing the Candorado Summer property agreement. The agreement has expired as of midnight August 17. 2011 and Greenwood Gold will not pursue the Summer property any further. The company is actively seeking other exploration venues.
Safe Harbor Act Notice:
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
About Greenwood Gold Resources Inc.
Greenwood Gold Resources Inc. ("GGRI") is a junior exploration company focused on exploration for gold and other valuable minerals deposits in Canada and US. The company is focused on acquiring, developing and joint venturing with other junior or major gold mining companies with properties within North America. GGRI has developed a set strategy to acquiring gold and other valuable mining properties following several key investment criteria. It will look for assets ranging from grass roots exploration to near production. GGRI will look to have a balanced portfolio of properties across this spectrum so as to maximize returns while also mitigating risk.
Behalf of the Board of Greenwood Gold Resources Inc.
SOURCE Greenwood Gold Resources Inc.
