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Capital Gold Corp.

Publié le 30 mars 2010

Elects Non-Executive Chairman

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Mots clés associés :   G Mexico |

FOR IMMEDIATE RELEASE

CAPITAL GOLD CORPORATION ELECTS NON-EXECUTIVE CHAIRMAN

NEW YORK, March 30, 2010 � Capital Gold Corporation (NYSE AMEX: CGC; TSX: CGC) announced today that independent board member Steve Cooper has been elected non-executive Chairman of the Board of Directors of Capital Gold. Mr. Cooper has over twenty years of experience in the mining and petroleum industries. He also brings strong technology experience to Capital Gold, having previously held the CIO position at a leading energy information organization.

"CGC will continue to advance its existing project portfolio and pursue its growth plans under the leadership of President and Chief Operating Officer John Brownlie, who has helped to guide Capital Gold's El Chanate gold mine into its strongest production profile ever," said Steve Cooper. "We are working hard to complete the previously announced business combination with Nayarit Gold Inc., and anticipate filing the Form S-4 registration statement with the Securities and Exchange Commission shortly. Once the Nayarit deal is consummated, management roles within the combined entity will be formalized."

"Having zero net debt, Capital Gold is in a solid financial position. Additionally, El Chanate is on track to produce a record 60,000 ounces of gold during the fiscal year ending July 2010," Cooper added. "Management and the Board of Directors especially want to thank all CGC employees for their hard work and dedication towards making Capital Gold a profitable and growing junior mining company."

About Capital Gold

Capital Gold Corporation (CGC) is a gold production and exploration company. Through its Mexican subsidiaries and affiliates, it owns 100% of the "El Chanate� gold mine located near the town of Caborca in Sonora, Mexico. It also owns and leases mineral concessions near the town of Saric, also in Sonora, that are undergoing preliminary exploration for gold and silver mineralization. Additional information about Capital Gold and the El Chanate Gold Mine is available on the Company's website, www.capitalgoldcorp.com.


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Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forwardlooking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forwardlooking statements include comments regarding effect of the reverse split, a national stock exchange listing, plant upgrades, operating efficiency, estimated future gold production and future growth of the company. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, strip ratio, tonnes mined, crushed or milled; delay or failure to receive board, national exchange or government approvals; the availability of adequate water supplies; mining or processing issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.

Any forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.

Additional information concerning certain risks and uncertainties that could cause actual, results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.

Contact:  
Kelly Cody, Investor Relations Manager
Capital Gold Corporation
Email: kelly@capitalgoldcorp.com
Tel: (212) 344-2785
Fax: (212) 344-4537
Media Inquiries:
Victor Webb/Madlene Olson
Marston Webb International
Email: marwebint@cs.com
Tel: (212) 684-6601
Fax: (212) 725-4709

 

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###


Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forwardlooking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forwardlooking statements include comments regarding effect of the reverse split, a national stock exchange listing, plant upgrades, operating efficiency, estimated future gold production and future growth of the company. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, strip ratio, tonnes mined, crushed or milled; delay or failure to receive board, national exchange or government approvals; the availability of adequate water supplies; mining or processing issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.

Any forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.

Additional information concerning certain risks and uncertainties that could cause actual, results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.

Contact:  
Kelly Cody, Investor Relations Manager
Capital Gold Corporation
Email: kelly@capitalgoldcorp.com
Tel: (212) 344-2785
Fax: (212) 344-4537
Media Inquiries:
Victor Webb/Madlene Olson
Marston Webb International
Email: marwebint@cs.com
Tel: (212) 684-6601
Fax: (212) 725-4709

 

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Capital Gold Corporation
76 Beaver St
New York, New York 76 Beaver St
US

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Capital Gold Corp.

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Capital Gold est une société de production minière d'or basée aux Etats-Unis D'Amerique.

Capital Gold détient divers projets d'exploration au Mexique.

Son principal projet en production est EL CHANATE au Mexique et son principal projet en exploration est ORION PROJECT au Mexique.

Capital Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,2 milliards CA$ (890,6 millions US$, 825,2 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2007 à 0,30 CA$, et son plus haut niveau récent le 31 janvier 2017 à 10,00 CA$.

Capital Gold possède 116 220 000 actions en circulation.

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Dans les médias de Capital Gold Corp.
13/10/2009Capital Gold Increases Reserves at Its El Chanate Mine by Ov...
Rapports annuels de Capital Gold Corp.
2008 Annual Report
Nominations de Capital Gold Corp.
18/09/2009Appoints Brownlie President
Rapports Financiers de Capital Gold Corp.
05/08/2010(El Chanate)Increases Fourth Quarter Production At Its El Chanate Mine B...
11/12/2009Reports First Quarter Net Income Up 52%
15/12/2008Announces a First Quarter Increase of 64% in Net Income Befo...
Projets de Capital Gold Corp.
05/07/2012Doubleview Capital to Drill 1,000 Meters at Hat Project
23/08/2010Provides Production And Operational Outlook For Fiscal 2011
02/12/2009Announces Initial Drilling Results For Its Saric Properties
10/09/2009(El Chanate)Expands Exploration At Its Saric Properties
05/02/2009(El Chanate)CONTINUES RECORD PRODUCTION INCREASES
17/11/2008(El Chanate)CONTINUES TO SET RECORD GOLD PRODUCTION TOTALS
15/10/2007(El Chanate)2007 Technical report
Communiqués de Presse de Capital Gold Corp.
24/01/2014NextEra Energy Capital Holdings, Inc. announces redemption o...
29/07/2013NextEra Energy Capital Holdings announces dates for remarket...
08/04/2011Gammon Gold Completes Acquisition of Capital Gold
14/03/2011ISS and Glass Lewis Recommend Capital Gold Corporation Stock...
09/03/2011Letter To Stockholders Demonstrates Superiority Of Gammon Go...
01/03/2011Letter to Stockholders Explains Why Gammon Gold Merger Prefe...
14/02/2011Responds to Timmins Gold Hostile Bid and Reaffirms Support f...
02/08/2010AND NAYARIT GOLD ANNOUNCE CLOSING OF BUSINESS COMBINATION
07/07/2010and Standard Bank Agree to Amend Credit Agreement
06/07/2010Stockholders Approve Business Combination Agreement With Nay...
29/06/2010Designates New Officers
10/06/2010And Nayarit Gold Inc. Provide Merger Update
10/06/2010Capital Gold Corporation Reports Revenue Up 41% For Third Fi...
10/06/2010Reports Revenue Up 41% For Third Fiscal Quarter
30/03/2010Elects Non-Executive Chairman
19/03/2010Dieterle Resigns From Capital Gold Corporation
15/03/2010Reports 6-Month Revenue Up 21% Over Prior Period
11/03/2010Announces Second Fiscal Quarter Conference Call
08/03/2010Completes Due Diligence On Nayarit Gold
11/02/2010and Nayarit Gold Inc. Enter Into Business Combination
08/02/2010Reports Preliminary Production Results
26/01/2010Announces Additional Crushing Plant and Leach Pad Operationa...
21/12/2009Featured in an Article on Metals News.com
07/12/2009Announces First Fiscal Quarter 2010 Results Conference Call
12/11/2009selected as one of the World's 100 hottest gold stocks
06/11/2009Announces A 27% Increase In Gross Proceeds For First Fiscal ...
28/10/2009Announces Addition To Board - New Drilling Schedule
15/10/2009Reports 64% Gain In Net Income For Fiscal 2009
09/10/2009Announces Fiscal 2009 Year End Results Conference Call
24/09/2009Announces A 29% Increase In Revenue Over Previous Year
10/06/2009Third Fiscal Quarter Financial Results
15/05/2009Additional secondary crushing module is operational
24/02/2009BUYS OUT REMAINING OUNCES UNDER THE GOLD HEDGE AGREEMENT
06/01/2009ANNOUNCES RECORD GOLD PRODUCTION TOTALS FOR DECEMBER 2008
09/09/2008 COMMENCES DEEP DRILLING CAMPAIGN
21/03/2007Ambrian Capital - Preliminary Results - Profits up 34%, Divi...
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TORONTO (CGC.TO)OTC BB (CGLD.OB)
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TORONTO
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