Yinfu Gold Corp. to Apply to File Under OTC Alternate Reporting Standard
24 Julio 2013 - 12:25PM
Yinfu Gold Corporation ("Yinfu") (OTCQB:ELRE) today has filed a
Form 15 to withdraw as a SEC filer and will proceed to apply to
OTCMarkets to file all of its filings under the OTC Alternate
Reporting Standard.
Tsap Wai Ping, Yinfu's CEO, stated, "We have already mobilized
our accounting staff and consultants and they have started the
process to transition from being an SEC filer to filing on the OTC
Alternate Reporting Standard. Although this will be an enormous
undertaking after taking over the Company from the previous board
and management we have made the commitment to the shareholders to
get our house back in good order and become current in all our
filings. By using the OTCMarkets Alternate Reporting Standard we
will be able to bring all our filings and disclosures current more
quickly."
The Company is negotiating funding to start production at its
Zambian Copper mine in Africa. Yinfu announced on February 6, 2013
that it had acquired a 65% stake for $2 million. The mine engineers
have exposed an area of approximately 120 meters by 30 meters, to a
depth of about 100 meters. This ore body has produced sampling
results with a potential high-grade copper ore.
About Yinfu Gold Corp.
Yinfu Gold Corp. is a mineral exploration and mining company
incorporated in the state of Wyoming and trades on the OTC under
the symbol "ELRE." The transfer agent is Transfer Online, Inc. of
Portland, Oregon.
Forward-Looking Statements
Statements, which are not historical facts, are forward-looking
statements. The Company, through its management, makes
forward-looking public statements concerning its expected future
operations, performance and other developments. Such
forward-looking statements are necessary estimates reflecting the
Company's best judgment based upon current information and involve
a number of risks and uncertainties, and there can be no assurance
that other factors will not affect the accuracy of such
forward-looking statements. It is impossible to identify all such
factors, which could cause actual results to differ materially from
those estimated by the Company. They include, but are not limited
to, government regulation, managing and maintaining growth, the
effect of adverse publicity, litigation, competition and other
factors which may be identified from time to time in the Company's
public announcements.
CONTACT: For up-to-date corporate information about the Company:
Mr. Tsap Wai Ping
info@yinfugold.com or
tommytsap@yinfucorp.com
www.yinfucorp.com
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