BOCA RATON, Fla., Oct. 25, 2012 /PRNewswire/ -- Gold Coast Mining Corp. (Pink Sheets: GDSM), announced today that the Company has engaged Haseltine Law Office ('HLO") to represent it before the Securities and Exchange Commission and other matters. HLO's initial priority will be registration of GDSM under the Securities Exchange Act of 1934. A Form 10 will be filed soon to initiate this process. This Form will include audited financial statements and full financial disclosure, and will allow GDSM to become a fully reporting company with the SEC.
The Company will be working directly with Mr. William Haseltine, Esq. who is a former Special Counsel with the SEC. Mr. Haseltine maintains constant current contact with the SEC staff and regularly advises clients regarding the evolution and impact of proposed and enacted rule changes and legislation at the federal and state levels. Additionally, he is routinely informed of regulatory initiatives of the SEC, the stock exchanges and other self-regulatory organizations to keep his clients ahead of the curve in their responsibilities and requirements.
Marc Lovito, President of Gold Coast Mining Corp., stated, "We have taken the initial key step in becoming fully reporting by working with Mr. Haseltine. We believe that his awareness of the regulations and requirements, as well as his familiarity with the process from both sides will be very helpful for a timely, efficient filing."
As previously announced, GDSM's current priorities include the completion of audits by an SEC qualified auditing firm and the engagement of an SEC qualified law firm to file a Form 10. Their main objective is to complete financial and securities work required in obtaining a potential listing to the OTCQB.
William Haseltine, Esq, stated, "It is with pleasure that I accept the task of completing a '34 Act registration statement for Gold Coast. The initial filing should be completed soon after the audited financial statements are provided."
ABOUT HASELTINE LAW OFFICE
HLO has a broad range of experience representing clients in capital-raising transactions, mergers and acquisitions, securities regulatory compliance and securities litigation matters. HLO has represented both new and established companies in a wide variety of securities transactions, including venture capital investments, private placements (including Reg D transactions), public offerings of debt and equity securities, going private transactions, public and private company mergers, tender offers and exchange offers.
The Firm's clients include biotechnology, information technology, health care, food service, entertainment, telecommunications, financial services, manufacturing and retail firms, and we have provided counseling to clients ranging from start-up entrepreneurial ventures to multi-million dollar public companies.
With respect to publicly-held companies, HLO attorneys are experienced in drafting and filing all forms of Registration Statements and private offering documents under the Securities Act of 1933, periodic and current reports, proxy statements and other reports under the Securities Exchange Act of 1934. We regularly counsel clients on other aspects of regulatory compliance, including Section 13 and Section 16 reporting obligations, obligations under the Sarbanes-Oxley Act of 2002 and compliance with listing standards of the New York Stock Exchange, American Stock Exchange and The Nasdaq Stock Market. In addition, HLO has experience in drafting requests for SEC no-action relief, confidential treatment requests, and other applications for relief from regulatory requirements.
ABOUT GOLD COAST MINING
Gold Coast Mining Corp plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
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SOURCE Gold Coast Mining Corp.