NEW YORK, May 23, 2013 /PRNewswire/ -- Ghana Gold
Corp. (OTCMarkets: GGCO) announced today that it has officially
closed the acquisition of the $5
Billion Gold Property with World Sports Alliance
Inter-Governmental Organization.
According to the closed transaction, the WSA owns a total of 500
million restricted shares of the company as well as a $250 million 10-year corporate debenture.
Further to the transaction, a total of 800,098,000 common shares
are issued and outstanding.
"We would like to thank the WSA for their support throughout
this transaction and we look forward to making this company a
leading gold producer," said Mac
Shahsavar, Chairman and CEO of Ghana Gold Corp. "We will now
immediately undertake to develop a plan to increase production in
our newly acquired gold property," further added Mr. Shahsavar.
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
great gold mining opportunities.
Investor Relations: ir@ghanagoldcorporation.com
or info@ghanagoldcorporation.com
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.
