Sep 12, 2011
Barisan Gold Provides Reminder On Rights Issue
This release is not for publication or distribution in the United States
VANCOUVER, B.C. - September 12, 2011 - Barisan Gold Corporation (TSXV-BG) would like to remind shareholders that they have until this Friday, September 16, 2011, to exercise their rights in conjunction with the 1-for-1 rights issue currently being conducted to eligible shareholders of East Asia Minerals Corporation (TSXV-EAS) of record as at July 21, 2011.
In order to exercise their rights, rightholders must complete the exercise form, which forms part of the rights certificate. Rightholders who holds their rights through their brokers should have received the exercise form or instruction request from their brokers. For those rightholders who are holding their rights through their brokers but have not received the exercise form or instruction request should contact their brokers immediately. Shareholders who are not resident in Canada or other eligible jurisdictions or are otherwise qualified ARE NOT eligible to participate in the rights offering. For details, please refer to the prospectus filed on SEDAR on August 9, 2011 (the "Prospectus").
The rights issue is expected to raise approximately C$11.2 million and is fully backstopped by CEF Holdings Ltd. Proceeds from the rights issue are intended to be used to advance exploration at the company's Barisan gold-copper porphyry belt project as well as for general corporate purposes as disclosed in the Prospectus. Shareholders should consult the Prospectus for details on the rights issue.
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.
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FOR FURTHER INFORMATION, visit the Company's website at www.barisangold.com, or contact:
Kristy Reynolds, Investor Relations
T: +1 604 684 2183
About Barisan Gold Corporation
Barisan Gold (BG-TSXV) is a Canadian-based minerals exploration company listed on the TSX Venture Exchange under the symbol "BG". The Company is engaged in the exploration, acquisition and development of mineral properties in Indonesia. Barisan Gold currently owns and operates three gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, namely the Barisan gold-copper porphyry belt, the Abong epithermal gold project and the Takengon gold-copper porphyry prospect. Barisan Gold currently has 20,353,093 shares outstanding.
Caution Regarding Forward Looking Statements
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. When used in this News Release, such statements use words such as "may", "will", "expect", "intend", "anticipate" and other similar terms. These statements reflect management's current assumptions and expectations regarding future results, performance or events as of the date hereof and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Forward looking statements involve significant risks and uncertainties and should not be read as guarantees of future or performance results. Accordingly, readers should not place undue reliance on any forward looking statement.
Forward looking statements in this News Release include, among other things, statements regarding the proposed internal reorganization, dividend-in-kind and rights offerings, and the proposed terms, conditions, structure and consequences thereof to the Company and its security holders; the timing and receipt of approvals and consents; future exploration activitiesthe rights offering closing and related arrangement; and the adequacy of financial resources, among others.
Forward looking statements are based on assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made. The Company believes that the assumptions and expectations reflected in such forward looking statements are reasonable. Assumptions have been made regarding, among other things, the Company's ability to reorganize its properties and interests to permit it to carry out the proposed transactions in an effective and reasonable manner; the Company's future exploration and development activities; timely receipt of third party or regulatory approvals; and the Company's ability to obtain financing or close the proposed offering as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used and that these factors and assumptions may be incomplete or incorrect.
Forward looking statements are also subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward looking information. Those risks include the interpretation of drill results and the estimation of mineral resources and reserves; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, permitting and licensing risks; and general market and mining exploration risks.
Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision.
Investment in the common shares of the Company involves substantial risk. Please refer to the Prospectus, in particular, the section with the heading "Risk Factors".
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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