Ghana Gold Corp Signs Letter of Intent with Intergovernmental
Agency to Acquire Significant Gold Mining Rights in the Central
African Republic
NEW YORK, April 9, 2013 /PRNewswire/ -- Ghana Gold
Corp. (PINKSHEETS: GGCO) announced today that it has signed a
letter of intent to acquire significant mineral exploration,
production and commercialization rights in the Central African Republic.
According to the Letter of Intent, the World Sports Alliance
Intergovernmental Organization ("WSA-IGO") will grant to Ghana
Gold, mineral exploration, production and commercialization rights
to significant gold concessions of the WSA-IGO and, specifically,
in connection with the mining concession already granted by the
Central African Republic, a member
state of the WSA-IGO. The rights to the mining concessions will be
granted, in such a manner as to enable Ghana Gold to operate under
the permits, agreements and approvals of the WSA-IGO.
The terms of the Letter of Intent are to be confirmed in a
mining rights acquisition agreement schedule to be signed on or
before April 20, 2013.
The previously announced acquisition of FoundersMM in
Ghana, by Ghana Gold has been
terminated in order to concentrate on the existing gold exploration
and production in Ghana and to
successfully conclude the acquisition of the WSA-IGO mining rights
in the Central African Republic
("CAR").
"We are pleased to have concluded our negotiations with the
WSA-IGO and its project integrator WSA-Global" said Elaine Affleck, Chairperson and CEO of Ghana
Gold Corp. "The mining rights represent a tremendous opportunity
for our company, our shareholders and partners." further added Mrs.
Affleck.
About the WSA-IGO
The World Sports Alliance Intergovernmental Organization created
under the 1969 Vienna Convention with the distinguishing factor
being that the WSA does not solicit contributions from its Member
States but rather is a self-funded organization with a business
model based on establishing Public-Private-Partnerships ("PPP").
The World Sports Alliance Intergovernmental Organization currently
has 31 member states including but not limited to the Kingdom of
Morocco, Dominican Republic, Republic of Panama, the Central
African Republic, the Republic of Ghana, Republic of Congo, and the Republic of Chile.
For more information on the World Sports Alliance, please visit
the website at www.wsaigo.org
About Ghana Gold Corp.
Ghana Gold Corp. is a gold exploration and alluvial gold
production company with properties in the Republic of Ghana. Ghana Gold Corp. seeks to expand
operations to other neighboring African countries, which have a
great gold mining opportunities.
Investor Relations, info@xtpt.co
Tel 1.866.340.3095
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of
historical fact, may include forward-looking information that
involves various risks and uncertainties. There can be no assurance
that such forward-looking statements will prove to be accurate.
Actual result and future events could differ materially from those
anticipated in such statements. These and all subsequent written
and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. The Company assumes no
obligation to update forward-looking statements should
circumstances or management's estimates or opinions change, other
than as required pursuant to applicable securities laws.
SOURCE Ghana Gold Corp.