New Asia Gold Corp acquires 100% interest in gold company Source: 26-JUL-2008 Intellasia | Prime Newswire
Jul 26, 2008 - 7:00:00 AM
New Asia Gold Corp is pleased to announce that it has acquired 100% of the shares of an Indonesian gold exploration company as a result of a share exchange agreement. The shares issued related to this transaction are restricted. The gold company has proven and probable reserves of gold. Based on independent assessment reports the proven gold reserves are 330,000 ozs of gold with a current market value of US$219 million after mining costs. Assessment of the leases will continue on an ongoing basis.
New Asia Gold Corp trades in the United States on the NQB Pinksheets under the symbol "NWAG''. For further information please contact Robert Thomas at (561) 692 9988 or at http://www.newasiagold.com.
NOTE: Certain statements in this press release are "forward-looking statements'' within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in Co reports and other filings with regulatory bodies.
