Dutch Gold Resources, Inc. (PL) (USOTC:DGRI)
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3 Years : From Oct 2011 to Oct 2014
Dutch Gold Resources, Inc. (OTCQB: DGRI) (PINKSHEETS: DGRI) (the "Company") will host a conference call at 11 AM EST on March 22, 2012. Daniel Hollis, Chairman and CEO; Rauno Perttu, Vice Chairman and COO; and Thomas Leahey, Chief Financial Officer of Dutch Gold Resources, Inc. will conduct the discussion.
The Call can be accessed by calling: (712) 432-1001 (U.S. and International callers) and entering access number 492518080#. The call will be recorded and may be accessed by using the same dial in number and access code one hour after the call. A webcast will also be archived on the Company's website and a telephone replay of the call will be available through midnight, May 22, 2012, using the same dial-in instructions.
The Company will update all aspects of business development, capital formation and structure, and its plans for the balance of 2012.
As part of a restructuring agreement with the Company's convertible debt holders, Dutch Gold will file an Information Statement today, to increase the number of authorized shares. The convertible note holders require that the Company reserve more than three times the number of shares that would be required if all of there debt was converted. At the present time, it is unlikely that the Company would issue these excess shares in toto. Further, the Company is exploring other options to resolve these notes. This matter will be a topic of discussion during the upcoming conference call, as we review the overall capital structure of the Company and its development plans for 2012 and beyond.
About Dutch Gold Resources
Dutch Gold Resources, Inc. is engaged in the acquisition and development of gold properties in North America. The company's strategy is to focus on overlooked resources that have the potential to have a value creation event within 24 months of acquisition. The Company criteria call for a property to reach either near term production, or be a candidate for development through joint venture financing during the two years subsequent to acquisition. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Gold Bug Mine in Oregon comprise the Company's current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. For further information, please see www.DutchGold.com.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
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Dutch Gold Resources, Inc.