Beachwood, Ohio, May 04, 2016 (GLOBE NEWSWIRE) -- Gold Lakes Corp., (OTCQB: GLLK) an exploration stage company that specializes in acquiring and developing mining assets, announces today is pleased to announced that Blue Sky Monitoring Service has completed its audit and reports that Gold Lakes Corporation is now Blue Sky compliant in 39 U.S. states.
By gaining Blue Sky compliance in more jurisdictions, the Company considerably enlarges the magnitude of investors of whom broker-dealers can purchase and recommend their stock. “This is a great milestone for our Company. By achieving the ability to become more widely traded, we secure a much larger potential market by which we can build the Company. Our goal for our investor community is the building of a strong company with a robust shareholder base. This is a great start.” stated Mr. Christopher Vallos, President, Gold Lake's Corporation.
Blue Sky laws are U.S. state securities laws established to protect investors from fraud. Broker-dealers are legally not permitted to recommend, solicit or discuss a security with a client unless that security is compliant with the Blue Sky Laws of the state in which the investor resides. These laws are applied in addition to federal securities laws. Blue Sky compliance is mandatory for the 280,000+ U.S. registered investment advisors to advise, discuss, or recommend a company's stock to their investor clients.
The Company recently announced that Mr. Edwin Morrow, an active executive in the mining industry, has joined the Gold Lakes Advisory Board and as a Consultant for Supervising Exploration Activity. Mr. Morrow brings to the table a wealth of experience, visionary leadership, and industry expertise to help guide the Company as it pursues valuable acquisition prospects and builds a presence in the mining industry. Mr. Morrow, empowered with forty years of diverse mining, geology, real estate development, capital formation and acquisitions experience, is expected to be an influential force in the initiation of numerous discussions concerning advantageous potential project acquisitions to the Gold Lakes team.
Gold Lakes corporation’s mission is to seek, find, explore and mine prospectively profitable and undeveloped mineral properties in the Abitibi Greenstone Belt region, in Ontario, Canada. For slightly over a century, the legendary Abitibi-Greenstone belt has produced hundreds of billions of dollars' worth of mostly gold, silver, copper and zinc. Management believes that the untapped potential in this territory are advantageous; providing a wealth of opportunity for management and shareholders alike.
About Gold Lakes Corp.: Gold Lakes Corp. is an exploration stage company that specializes in acquiring and developing mining assets. The Company primary asset is known as the "Big Monty" property, located in the prolific Abitibi Greenstone Belt region, in Ontario, Canada. The Big Monty property is bordered by producing gold mines and is situated within the Procupine-Destor Fault Zone "PDFZ" and Larder Lake Cadillac Fault Zone. For more information please visit: www.GoldLakes.com
Forward Looking Statements: This news release includes "forward looking statements", as that term is defined in Section 27A of the Unites States Securities Act of 1933, as amended, and Section 21E of the United States Exchange Act of 1934, as amended, that are subject to assumptions, risks and uncertainties. Statements in this news release that are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.
Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information, Please Visit: www.GoldLakes.com
For Investor Relations Contact: 216-916-9303 or email: info@goldlakes.com
SOURCE: Gold Lakes Corp.