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VANCOUVER, Aug. 13 /CNW/ - Evolving Gold Corp (TSX-V:EVG) (OTCBB: EVOGF) (the "Company") is pleased to announce that the Company has been listed on the Frankfurt Stock Exchange under the symbol EV7. The Company will continue to be listed on the TSX-Venture Exchange under the symbol EVG and on the OTC:BB under the symbol EVOGF.
Commenting on the listing, CEO Robert Bick said, "Evolving Gold is well positioned to enter the European market through the Frankfurt Exchange, with over C$7M in cash and a highly-prospective portfolio of precious metals properties in the SW United States. Drilling will begin this fall."
"We have observed the interest shown by European investors in the precious metals exploration sector and believe that Evolving Gold's Frankfurt Stock Exchange listing will provide increased liquidity for our shares."
"Our intention is to provide easier access for our European investors to Evolving Gold. We believe our business model and growth strategy will appeal to a wide audience of retail investors in Europe, as shown by the significant participation by European institutions in our recent private placement."
About Evolving Gold Corp.
Evolving Gold Corp is an emerging exploration and development company focused on building value through the acquisition and exploration of prospective gold properties, primarily in the southwestern United States, and in particular Nevada, New Mexico, and Wyoming. Our objective is to leverage the track record of our experienced and successful team of geoscience and financial professionals towards the goal of discovering new precious metals deposits within the gold-rich districts of the SW United States. For more information on Evolving Gold's exploration targets and approach please visit www.evolvinggold.com.
In compliance with National Instrument 43-101 ("NI 43-101"), Lawrence A. Dick, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.
For more information visit www.evolvinggold.com.
On Behalf of the Board of Directors
EVOLVING GOLD CORPORATION
"Lawrence A. Dick"
Lawrence A. Dick, Ph.D., P.Geo
President and Director
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of Evolving's general business development, research development and/or Evolving's development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Although Evolving Gold Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that Evolving's mineral deposit(s), fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our annual report on Form 20F filed with the U.S. Securities and Exchange Commission and filings made with the British Columbia Securities Commission.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. Webmasters: Please update Evolving Gold Corp
on your site. We are now listed on the TSX-V, symbol EVG.