Source Gold Corp. (SRGL) Enters into Negotiations for the Acquisition of Bitcoin and Alt coin Mining Technology


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PK:SRGL
07/21/2014 [ACCESSWIRE]

RENO, NV, United States / ACCESSWIRE / July 21, 2014 / Source Gold Corp. (OTC PINK: SRGL) (the Company") is pleased to announce it has entered into negotiations to acquire Bitcoin and Alternative digital currency mining technology which will allow the company to enter into the digital currency mining arena.

The Company is in the planning stages of developing a digital mine for the application of the technology currently subject to acquisition. The company has secured a source of servers available subject to the company receiving financing. The company anticipates the completion of negotiations, by August 1, 2014 with a due diligence period to be initiated upon completion.

The company is in discussions for financing for the server acquisition and expects to have a commitment prior to completion of negotiations or August 1, 2014.

The acquisition of the technology and financing commitment is subject to formal documentation which is being prepared subject to the completion of the final diligence process.

Source Gold intends to release more details on the location and the terms of the acquisition once the due diligence process has been completed.

ON BEHALF OF THE BOARD OF DIRECTORS

Legal Notice Regarding Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning gold or other mineral reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present if and when a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of gold or mineral deposits, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of gold or minerals are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior mineral exploration companies with the US Securities and Exchange Commission. This announcement may also contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Contact:

Mr. Eddie Aruda
President,
Source Gold Corp.
200 S. Virginia Street
Reno, NV 89501
Telephone – 775-398-3134
admin@srglgold.com

 

Source: Source Gold Corp.

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