|By Marketwired .||
|May 13, 2014 08:49 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/13/14 -- True Gold Mining Inc. (TSX VENTURE: TGM) ("True Gold" or the "Company") is pleased to announce that is has retained the services of Renmark Financial Communications Inc. to support investor relations activities. In consideration of their services, True Gold has agreed to a period of agreement from May 1, 2014 with a retainer of $5,000 per month. Renmark Financial Communications Inc. does not have any interest, directly or indirectly, in True Gold Mining Inc. or its securities, or any right or intent to acquire such an interest.
True Gold has also strengthened its management team with the appointments of Mr. Blaine Monaghan as Director, Investor Relations, and has hired Mr. Patrick Reid to provide IR services to the Company. Together, they will be responsible for overseeing True Gold's investor relations program, providing enriched communication and developing relationships with both shareholders and capital markets.
Mr. Monaghan has over 12 years of experience in the mineral exploration industry, most recently as VP, Corporate Development for Camino Minerals Corp., and previously Director, Investor Relations for Canplats Resources Corp., which was acquired in 2010 by Goldcorp Inc. for C$300-million.
Mr. Reid brings significant experience in investment and financial services on the buy side. He previously served as Senior Director, Institutional Sales for Fronteer Gold, and prior to that was Senior Vice President and Partner with AGF Investments Inc. AGF has more than $50 billion AUM in institutional, mutual fund and private client assets. Prior to AGF, he was Vice President at Sceptre Investment Counsel, working with Putnam Investments in the launch of the Putnam Funds in Canada. He started his career with TAL Global (now CIBC Asset Management) as Vice President Sales, covering relationships in western Canada. Mr. Reid also serves as Vice President, Corporate Affairs for Pilot Gold.
About True Gold
True Gold Mining Inc. is where gold comes to life. We are committed to growing a successful gold exploration, development and production company, by focusing on projects with low costs, low technical risks and solid economics. The Company's board, management and technical teams have proven track records in gold exploration, development, operations and production worldwide.
ON BEHALF OF THE BOARD
Dwayne Melrose, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements made and information contained in this news release and elsewhere constitutes "forward-looking information" within the meaning of Canadian securities legislation. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may constitute forward-looking statements. Such forward-looking statements are based on certain assumptions and are subject to risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, with respect to statements regarding officer appointments and resignations, the potential to growing a successful gold exploration, development and production company, ability to find projects with low costs, low technical risks and solid economics, expectations that corporate social responsibility ("CSR") programs and local community engagement will reduce project risk, continued excellent community relations that will bear clear benefits for local residents and the Company, including improved project design, reduced costs, water for community use and reduced social impacts, continued local community support for the development of the Karma Project, the possibility that the key personnel in the Karma Project CSR leadership team may not perform as anticipated or remain with the Company, accidents, and risks and uncertainties relating to equipment breakdowns, risk of undiscovered, title defects and surface access, labour disputes, the potential for delays in exploration and permitting activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, political risk, the potential accretive nature that newly discovered mineralization at the two drill targets discussed in the Company's News Release dated March 13, 2014 may have on the Karma Project, the potential for growth and scalability of the Karma Project including, but not limited to, potential for additional mining centres, continued exploration success, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that bottle roll tests will be indicative of ultimate column test results, the possibility that future exploration and development results in the Karma Project will not be consistent with the Company's expectations, the potential initial resource estimate on the Kao North discovery, and other risks and uncertainties including those described under Risk Factors in each management discussion and analysis and in the Company's annual information form which are available under the Company's profile at www.sedar.com.
Forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access required financing to be in a position to consider a production decision, appropriate and sufficient equipment and labour will be available and accessible to the Company to meet its development goals, retention of key personnel and that the political environment within Burkina Faso will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.