South American Gold Announces the Completion of Cannabis Social Network Acquisition

Las Vegas, NV (FSCwire) - South American Gold Corp (OTC: SAGD) is proud to announce that it has closed on the acquisition of PotCircles.

PotCircles is developing a cannabis focused social network where users can learn, share, and enjoy their lifestyles. As the PotCircles project develops, users will be able to create interests and circles of friends, create meet-ups, message, upload pics and videos, private message and private chat.

PotCircles is pursuing a multi-channel revenue base, with revenue being derived from in app advertising, external outgoing advertising, in app purchases, user feature upgrades, in app sponsored clubs, and relevant third-party APIs. 

David Reeves, President and COO, stated, "As we want to move swiftly through development of PotCircles, a culturally based environmental lifestyle like PotCircles does not get developed and launched overnight. As we move through the strategic plans of our development for PotCircles, we must first and foremost, move brilliantly to capture a respectable ARPU. When we launch, we must continue to develop and enhance PotCircles to increase our  geographical radiuses for our users while working to drive revenue."   

South American Gold Corp shall provide further information as it is available about the company and the development of PotCircles.

About SAGD: South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of legal cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market. 

Contact Information:

Address:

8275 S. Eastern Ave.

Suite 200

Las Vegas, NV 89123

Phone: (702) 487-9003

Website: www.SAGDcorp.com

Disclaimer
 

This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.

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