Source Gold Corp
RENO, NV, United States, via ETELIGIS INC., 11/13/2014 – – Source Gold Corp: (OTC Pink: SRGL) (PINKSHEETS: SRGL) ("the Company") is pleased to announce it has finalized negotiations to acquire Bitcoin and Alternative digital currency mining technology which will allow the company to enter into the digital currency mining arena.
Subject to formal documentation, the company expects to close this transaction on or before November 21, 2014
“The company has completed negotiations after a significant delay in the process due to the valuation process.” Stated company president Edward Aruda “The current price of Bitcoin and other crypto currencies has had a significant influence on the valuation of the technology the company is acquiring. We are very pleased that we have come to a successful end of negotiations and look to complete the acquisition by the end of next week.”
Acquisition negotiations were delayed due to the drop in Bitcoin pricing and the demand for crypto currencies or alt coins faded over the last few months. The company is satisfied that the business model is a profitable one and is now ready to complete the acquisition.
The company will outline the terms and conditions of the acquisition at closing.
The acquisition of the technology and financing commitment is subject to formal documentation which is being prepared.
On behalf of the Board of Directors,
Source Gold Corp.
Mr. Eddie Aruda
Legal Notice Regarding Forward-Looking Statements:
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning gold or other mineral reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present if and when a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of gold or mineral deposits, the uncertainty of the requirements demanded by environmental agencies, the Company’s ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of gold or minerals are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior mineral exploration companies with the US Securities and Exchange Commission. This announcement may also contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Source Gold Corp.
200 S. Virginia Street
Reno, NV 89501
Telephone – 775-398-3134
SOURCE: Source Gold Corp.