Las Vegas, Nevada, Aug. 03, 2017 (GLOBE NEWSWIRE) -- South American Gold Corp. (OTC: SAGD), is pleased to declare a 1 for 1 stock dividend in its to be spun off entity, previously announced last week. The Spin Off Agreement is being finalized and shall include a dividend whereby every shareholder of SAGD will also receive shares in the newly spun off entity. The new entity is to be registered as a Wyoming Corporation and is proposed to be named “Sarge Delphi, Inc.”.
Sarge Delphi will be focused on increasing its corporate value through web and mobile based products and the acquisition of high potential pre-market and early market stage companies.
Upon the execution of the Spin Off Agreement, which is expected to be imminent, Sarge Delphi will launch the image of the new public entity at www.SargeDelphi.com.
SAGD’s present projects of ASK A.B.E., BITmineshaft, SmartLicensee, and CarRights.com, shall become assets of Sarge Delphi. SAGD is still in process of determining the placement of other possible acquisitions that the company’s management team has been pursuing.
With the formation of the new entity, Sarge Delphi shall begin the process for the completion and submission of a Form 10 with the SEC. Sarge Delphi anticipates this filing being made in September, 2017.
About South American Gold Corp:
South American Gold Corp is a publicly traded company on the OTC under the symbol SAGD, focused on enhancing shareholder value by acquiring and operating undervalued assets.
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Corporate Website: www.sagdcorp.co
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Disclaimer: This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "looks," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release may incorporate by reference the Company's reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential projects and/or acquisitions will be favorable nor that definitive terms can be negotiated. Investors should consult their financial advisor before making an investment in a company.
Source:South American Gold Corp.