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Shareholder Update
Silverado Engages D&D
Securities Company
Vancouver, British Columbia, July 6, 2009
-- Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt:
SLGL) (www.silverado.com) (the "Company" or
"Silverado") has engaged the services of D&D Securities
Company as its investment banking firm. The engagement will commence
immediately and shall be in order to establish a senior level of financing.
D&D Securities was founded in 1929 as a wholly owned subsidiary of
Dominick and Dominick Securities of New York. Having a Toronto
based Canadian owned broker/dealer will help Silverado establish a strong
following in the mining finance community in Canada and other offshore
markets.
Silverado has already commenced provisioning of documents for review to
D&D and we will continue to work toward establishing a finance offering
that may be sold worldwide. We expect to finalize the characteristics of
the financing in the coming weeks.
"We are very excited to have engaged D&D Securities at this time. With
their help and efforts we will be able to bring in the financing required
to move into full scale production while maintaining our present drilling
programs that will continue to enhance our reserves and resources at our
Nolan Gold/Antimony Project in Alaska.
This engagement will begin to anchor our efforts in the North American
market and form a base to work from," said Garry Anselmo, President.
The engagement of D&D Securities was lead by Westridge Management
International Ltd., "WMI", who Silverado has been working with
since March 2009, and who enjoy a strong relationship with D&D. WMI
will work with them in order to establish the exact offering and required
materials to enable the presentations to the funders. WMI looks forward to
establishing further relationships that will enhance the financing and
operational requirements of Silverado.
About the Company
Silverado Gold Mines Ltd, a publicly traded company, is an
exploration-stage enterprise focused on the exploration of gold properties
with some past production. The Company has gold properties located
throughout Alaska, which include a 100
percent (%) interest in numerous mining claims located on the Nolan Creek property. The Company's wholly
owned subsidiary, Silverado Green Fuel Inc, is involved with a new
environmentally friendly low-rank coal-water fuel technology. The fuel is
designed to be produced from low-rank coal and processed into an
environmentally friendly oil substitute. For more information about
Silverado Gold Mines Ltd or Silverado Green Fuel Inc, please visit www.silverado.com and www.silveradogreenfuel.com, respectively.
Forward-Looking Statements
This news release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Statements in this news release that are
forward-looking statements are based on the current expectations, beliefs,
assumptions, estimates and forecasts about the Company's business and the
industry and markets in which it operates.
Such forward-looking statements involve risks and uncertainties regarding
the market price of gold, availability of funds, government regulations,
common share prices, operating costs, capital costs, outcomes of test
mining activities and other factors. Forward-looking statements are made, without
limitation, in relation to operating plans, property exploration
activities, including test mining activities, availability of funds,
environmental reclamation, operating costs and permit acquisition. Any
statements contained herein that are not statements of historical facts may
be deemed to be forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "may",
"will", "should", "expect", "plan",
"intend", "anticipate", "believe",
"estimate", "predict", "potential", or
"continue", and the negative of such terms or other comparable
terminology. Actual events or results may differ materially. In evaluating
these statements, you should consider various factors, including the risks
detailed in the Company's filings with the Canadian Securities Authorities
and the US
SEC. These factors may cause the Company's actual results to differ
materially from any forward-looking statement. Except as required by
applicable securities laws, the Company disclaims any obligation to
publicly update these statements, or disclose any difference between its
actual results and those reflected in these statements. Given these
uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements.
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You can also view
this News Release on our website at:
http://www.silverado.com/s/NewsReleases.asp?ReportID=354921
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