TONOPAH, Nev., Nov. 13, 2013 /PRNewswire/ -- Standard Gold Holdings, Inc. (OTC: SDGR) today announced that its Board of Directors and a majority of its shareholders approved an action changing the Company's name to Standard Metals Processing, Inc. The Company will begin trading under a new ticker symbol upon all regulatory approval of the name change.
According to Sharon Ullman, the Company's CEO and Chairperson, "We decided to make this change to better reflect the activities of our company. Also, we believe the Company is now positioned to aggressively pursue numerous opportunities, and think it is appropriate that the Company do so under this new name."
About the Company:
Standard Gold Holdings, Inc. (n.k.a Standard Metals Processing, Inc.) is a developing, Nevada-based, custom toll milling and processing company that facilitates the extraction of precious, strategic, industrial and rare earth minerals from mined material. Custom milling and refining can include many different processes to extract precious metals from carbon or concentrates. These toll-processing services also distill, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option for industrial companies, which lack the expertise, capacity, or regulatory permits for in-house production. The Company is currently in the processes of acquiring the required permits to conduct custom permitted processing toll milling activities and the construction of additional buildings so it may commence operations.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. Statements containing expressions such as "believes," "anticipates," "intends," or "expects," used in the Company's press releases and in Disclosure Statements and Reports filed with the Over The Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company undertakes no obligation to publicly release any revisions to such forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE Standard Gold Holdings, Inc.