Business & Finance
Business and Finance
Business and Finance
Mon, March 28, 2011 
TORONTO, ONTARIO--(Marketwire - March 28, 2011) - Pacific Gold Corp. (PINK SHEETS:PCFG) announced today that the Company has issued promissory notes to investors in exchange for approximately $500,000 USD.
The notes pay 10% interest and are due on December 31, 2013. The notes are convertible into common shares of Pacific Gold Corp. at a fixed price of $0.05 per share.
The Company is using the money raised from the notes for new equipment, preparation for production at the Black Rock Canyon Mine, updating SEC filings and audits, as well as for accounts payables.
Pacific Gold Corp., currently has 745,732,651 shares outstanding.
To find out more about Pacific Gold Corp. (PINK SHEETS:PCFG), visit the Company's website at [ www.pacificgoldcorp.com ].
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp. ("Pacific Metals") owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2011 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
