LAS VEGAS, NV -- (MARKET WIRE) -- 06/19/08 --
G & S Minerals, Inc. dba Gold & Silver
Minerals ("G&S" or the "Company") (PINKSHEETS: GSML) (FRANKFURT: G9S), a
mining company focused on developing high-quality and low-risk mineral
resource and energy prospects, announced that it had recently filed its
Company Information and Disclosure Statement Pursuant to Rule 15c2-11 on
the Pink Sheets website. The filed information is now available for review
on the Pink Sheets website operated by Pink OTC Markets Inc.
The filed disclosure statement contains information about the Company as
outlined in Securities and Exchange Commission Rule 15c2-11 in accordance
with the Pink Sheets Guidelines for Providing Adequate Public Disclosure.
It includes general Company information, an overview of ongoing development
projects, information regarding the officers and directors of G&S, and
descriptions of the Company's securities.
G&S Chairman Charles Brown stated with respect to the filing, "We encourage
our stockholders and other parties interested in learning more about G&S
carefully review the Company's information filed with Pink Sheets. We are
hopeful that this will greatly increase the transparency of our business
operations, as we fulfill the Pink Sheets Guidelines for Providing Adequate
Public Disclosure."
The full documents may be viewed here:
http://pinksheets.com/pink/quote/quote.jsp?symbol=GSML#getFilings
Under the Pink OTC Markets tier system, the Company is currently
categorized as "Caveat Emptor," reflecting a public interest concern about
the availability of current information about G&S and its operations. With
the filed Company disclosure statement and additional anticipated Pink
Sheet filings, the Company is seeking to be designated as "Current
Information" in the Pink OTC Markets tier system.
The information included in the Company disclosure statement also addresses
one of G & S Minerals' due diligence requirements under the Company's
agreements with Mayan Gold, Inc. Mr. Brown added, "As we have discussed in
previous Company announcements and more recently in our first-ever investor
conference call, fulfilling this the terms of these agreements and
consummating the strategic partnership and cross-investment with Mayan
Gold, Inc. is intended to enhance stockholder value through access to
high-value mineral properties. We believe it is imperative that the
Company meet the Pink OTC Markets' disclosure guidelines to protect
investors and benefit the Company through re-classification into the
"Current Information" tier of Pink OTC Markets. We intend to work
diligently to provide the remaining financial information necessary to
enhance G&S's public disclosure and help investors make better-informed
investment decisions."
ABOUT G & S MINERALS, INC.:
G & S Minerals, Inc. (which also does business under the name "Gold &
Silver Minerals") is a mining company focused on acquiring and developing
high-quality, low-risk mineral resource and energy prospects. G & S
Minerals is pursuing opportunities to develop working interests in mineral
properties that offer a short time to production, as well as significant
upside exploration potential. In addition, G & S Minerals is investigating
opportunities for corporate transactions that will expand its mineral and
resource portfolio. By leveraging its network of industry contacts,
management expertise, and its targeted acquisitions, G & S Minerals is
working to build rapid asset growth, near-term cash flow, and shareholder
value. Additional information is available at G & S Minerals' website at
www.gold-silverco.com.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning
of applicable securities laws, including statements about the Company's
development plans and proposed transactions. These statements are subject
to numerous assumptions and uncertainties, many of which are outside the
Company's control. Statements in this document are based on information
the Company believes to be reasonable, but involve significant
uncertainties as to the final structure or consummation of possible
transactions, the terms thereof, if any, availability and pricing of
financing, mineral prices, costs, ore grades, estimation of gold and silver
reserves, mining and processing conditions, construction schedules,
currency exchange rates, and the completion and/or updating of mining
feasibility studies, changes that could result from the Company's future
acquisitions or dispositions of new mining properties or businesses, the
risks and hazards inherent in the mining business (including environmental
hazards, industrial accidents, weather or geologically related conditions),
regulatory and permitting matters, risks inherent in the ownership and
operation of, or investment in, mining properties or businesses in foreign
countries, as well as other uncertainties and risk factors. Actual results
and timetables could vary significantly from the estimates presented.
Readers are cautioned not to put undue reliance on forward-looking
statements. The Company disclaims any intent or obligation to update
publicly such forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact:
G & S Minerals, Inc.Charles Brown
702-943-8848
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