Pershing Resources Completes Audit of 2017 Consolidated Financial Statements
The Company Is Now Eligible to File Regulation-A+ Offering Statement as Tier Two
RENO, Nev., Aug. 13, 2018 (GLOBE NEWSWIRE) -- Pershing Resources Company Inc., (OTC PINK: PSGR), announced that an independent auditor has completed the audit of its Consolidated Annual Financial Statements for the fiscal year ending December 31, 2017. The Company's auditor, Goldfine & Company CPAs, has now completed two consecutive years of the audits of the Company's financial statements within the guidelines of Generally Accepted Accounting Principles, (GAAP). Goldfine & Company, (http://www.goldfinecpa.com/), is a PCAOB registered accounting firm.
The Company's audited financials can be viewed on the OTC Markets website at www.otcmarkets.com/stock/psgr/disclosure or on Pershing Resources' corporate website at https://ir.pershingpm.com/otc-filings.
With the completion of two years of audited financial statements, the Company has now passed a major milestone to be eligible to file its offering statement as a Regulation A+ Form 1-A, Tier Two classification. The Company anticipates filing its offering statement through the EDGAR System for review by the SEC in the third quarter of 2018.
Pershing Resources' CEO Steve Plumb stated, "As we move through the process of getting the Company ready for what we believe will be an exciting period of growth, the completion of two years of audits has been a key goal for us. We are very pleased to have completed this critical second piece of our initial audit and we are hopeful that we can now complete the regulatory review process of our offering statement in 2018.”
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About Pershing Resources
Pershing Resources is a precious and base metals exploration and mining company with several projects in North America. The Company is based in Reno, Nevada and owns an operations facility near Kingman, Arizona. It is currently focused on the development of its 100% owned New Enterprise and Mohave-Standard properties, collectively referred to as the New Enterprise project. The New Enterprise Project is located between the Mineral Park Porphyry Cu-Mo mine (approximately 20 miles to the northwest) and the Baghdad Cu-Mo mine (approximately 45 miles to the southeast). The Company's other assets are comprised of mining properties in various stages of exploration and development located in the Western United States.
As opportunities arise, the Company will seek to strengthen its balance sheet through acquisition of additional mineral rights and mining properties. Pershing Resources is committed to responsible mining practices and, we believe, is positioned to deliver sustained growth and performance for years to come.
The information contained in this press release as well as the information on the Company's website is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein and on the Company's website, constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, the words "estimate," "project," "believe," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and/or achievements of the Company or of the gold mining industry in general to be materially different from future results, performance and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver and other commodity prices, uncertainties relating to interpretation of drill results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, and uncertainty of meeting anticipated program milestones for the Company's mineral projects.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.
200 South Virginia Street, 8th Floor
Reno, NV 89501
Released August 13, 2018