LAS VEGAS, May 02, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire – South American Gold Corp. (OTC:SAGD) announced
today that they have identified two cannabis related acquisition targets and have begun negotiations to bring one or both
operations into the Company.
Both acquisition targets have existing operations with current revenues and are centered around value-added products within the
cannabis sector.
Gary Austin, director of South American Gold Corp., commented on this news, “We are focusing our attention on the revenue side
of the business. We have been very busy the past 12 months building and developing a strong portfolio of technology assets.
Now we are seeking opportunities to acquire companies with existing revenue that can benefit from the technology resources the
Company already holds. We believe that the technologies we have developed and acquired are extremely valuable in the right
setting; therefore, with the right acquisitions and the strategic use of our existing technology assets, we are seeking quick
growth and sustainable business operations that will provide great longevity in this sector.”
The Company stated that they are currently concluding their due diligence phase and are planning to make an offer on one or both
operations this quarter. Mr. Austin continued, “Our goal is to complete a deal on this quarter’s book and give ourselves the
rest of the year to grow and develop the business being acquired. We have a good team in place, a great core set of assets,
and now we are getting aggressive on putting these tools to work.”
About SAGD: South American Gold Corp (SAGD) is an operational management company focused on enhancing
shareholder value by acquiring and operating under valued tech assets.
CONTACT:
Corporate Website: www.sagdcorp.co
Media contact: info@sagdcorp.co
General contact: info@sagdcorp.co
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," "looks," "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 may
incorporate by reference the Company's 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 projects and/or acquisitions will be
favorable nor that definitive terms can be negotiated. Investors should consult their financial advisor before making an investment
in a company.
