NEW YORK, Jan. 5, 2006 (PRIMEZONE) -- Great West Gold, Inc. (OTCBB:GWGO) announced on December 19, 2005 that the Company had authorized a 25% (twenty five percent) Stock Dividend of the Company's common stock for its shareholders of record as of January 6, 2005.
The Company experienced delays in increasing its Authorized Share Capital to accommodate the issue of this Stock Dividend and will therefore be extending the "Pay Date" of this 25% Stock Dividend for an additional two weeks. The Company is required to inform the NASD at least ten days prior to the "Pay Date". Shareholders will be advised on Monday January 9, 2006 as to the exact date of this 25% Stock Dividend "Pay Date", at such time this date will be recorded by the NASD. Shareholders who continue to purchase this Company's stock will be eligible for this 25% Stock Dividend until the new "Pay Date".
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.