16.09.2008 16:32
Standard & Poor's Initiates Factual Stock Report Coverage on VG Gold Corp.
Standard&Poor's announced today that it has commenced Factual Stock Report coverage on VG Gold Corp. (News)
VG Gold Corp. (TS:VG), in the exploration stage as of June 30, 2008, explores and develops gold properties in Timmins, Ontario, Canada and seeks to acquire additional gold properties in the Timmins area. The company is focused on exploring its properties, including the Buffalo Ankerite, which is 100% controlled; the Fuller Property, which is 100% owned; and the Davidson Tisdale Property, where VG Gold is earning up to a 75% property interest, having previously earned a 71% interest in the property. All of these properties are located in the Timmins gold camp.
The company announced, in June, that it has entered into an agreement, effective June 13, 2008, to earn a 60% interest in select claims of the Paymaster Property situated on the east boundary of both VG Gold's Buffalo Ankerite Property and Fuller Property. Also included is one Aunor Mine Claim situated on the west side of the Buffalo Ankerite Property. Under the terms of the agreement VG Gold has the option to earn a 60% interest in 16 claims by incurring exploration expenditures of C$6 million over 4 years, subject to a Back-in-Right.
The Fuller Property consists of 18 claims having an area of 772 acres located in the Tisdale and Deloro Townships, Timmins, Ontario. The property is located 2 kilometers southeast of the city of Timmins.
The Buffalo Ankerite Property consists of 35 claims having an area of 1,063 acres in Deloro Township, Ontario. VG Gold began an aggressive drilling program in 2007 in the South Mine area of the Buffalo Ankerite Property that is continuing through 2008.
The Davidson Tisdale Property consists of six claims having an area of approximately 360 acres in the Tisdale Township, plus a 50% back-in right on 19 adjacent claims having an area of approximately 760 acres. The property is located five kilometers northeast of the city of Timmins. VG Gold has acquired a 71% interest in the property as of May 2008 and has the option to earn up to a 75% interest by making exploration and development work expenditures.
This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard&Poor's Factual Stock Reports
This Standard&Poor's service provides factual research coverage enabling information about VG Gold Corp. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard&Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard& Poor's. Standard&Poor's Factual Report research has no access to non-public information received by other units of Standard&Poor's. Standard&Poor's does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.
About Standard&Poor's
Standard&Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries, Standard& Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.
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