Orofino Gold Corp: The Company negotiates Rio-Viejo Joint/Venture to add shareholder value.
LAS VEGAS, Aug. 8, 2013 /PRNewswire/ - 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.
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.