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Ashanti Gold Corp. GULSF

Metals & Mining Industrial Metals & Minerals
"Ashanti Gold Corp is a Canada-based mining company. It operates in one business segment that is Mineral Exploration and Development in Western Africa. Its project consists of Kossanto East project, Ashanti Belt project, and Anumso gold project."


GREY:GULSF - Post by User

Ashanti Gold Corp.
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Post by TellTheTruth22on Jan 17, 2011 9:45pm
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How High Can We Go Tommorrow!!!!

How High Can We Go Tommorrow!!!!
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  January 17, 2011
GULF SHORES ACQUIRES BAKKEN ACREAGE
  Gulf Shores Resources Ltd. (the Company) has entered into an arms length agreement with Crown Point Ventures Ltd. (Crown Point) whereby the Company will purchase Crown Point's 47.5% interest in 2,328 acres of Petroleum & Natural Gas rights in the Wapella area of South-East Saskatchewan for a purchase price of CDN$280,000.

The acreage is prospective for the drilling of new horizontal Bakken Oil wells and includes one producing vertical Bakken Oil well and a salt water disposal facility.

The Company is not planning a consolidation of its capital stock.

Michael Turko has been appointed President & Chief Executive Officer of the Company. Gerald Otterman has resigned as President & Chief Executive Officer and has been appointed Chief Financial Officer. Ming Jang has resigned as Chief Financial Officer.


ON BEHALF OF THE BOARD
"MICHAEL TURKO"
Michael Turko
President & CEO

For further information, please contact Mr. Gerald Otterman at
(604) 683-3309.
Email: info@gulfshoresresources.com;
Website: www.gulfshoresresources.com