GLDG Updates on Mining Start and New Mission
HOUSTON, May 29, 2015 /PRNewswire/ -- Golden Global Corp, (OTC SEC reporting Pink-GLDG) is pleased to announce that gold mining is expected to commence at its McDame lease in British Columbia, Canada in June/July 2015. Sufficient funds are being sought for the purchase of the extra machinery and equipment needed to enhance operational efficiency. All operations continue to be closely managed by John R Hope, Mining Consultant and President of the firm's wholly-owned subsidiary, Golden Global Mining Corporation.
CEO Robert Leyne Lee stated "In anticipation of the implementation of our financial consolidation and expansion plan, a 100-to-1 reverse split was done in late December, 2014. The services of an experienced investment banking firm have been retained to advise and assist us in all aspects of the firm's mission to become a profitable enterprise that will provide competitive returns to our shareholders." Confirmation will be provided once mining starts and initial revenues are obtained. Mined gold will be sold to a major Canadian and US buyer, Technic Inc. (www.technic.com), with an Agent in Whitehorse, Yukon."
About Golden Global Corp:
The company is a development stage gold mining company founded in 2009. It is presently traded on the OTC market as a Pink sheet, fully reporting to the SEC. Trading symbol is GLDG, website is www.goldenglobalcorp.com, and the company is expected to be revenue producing in the near future.
Safe Harbor Provision
Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiary could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Golden Global Corp's Forms 10-K and 10-Q for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
CONTACT INFORMATION
Golden Global Corp. Houston, TX
Robert L. Lee Tel: 832 252 7720
www.goldenglobalcorp.com
SOURCE Golden Global Corp.
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