New Asia Gold Corp. Acquires 100 Percent Interest in Gold Company
New Asia Gold Corp. is pleased to announce that it has acquired 100% of the shares of an Indonesian gold exploration company as a result of a share exchange agreement. The shares issued related to this transaction are restricted. The gold company has proven and probable reserves of gold. Based on independent assessment reports the proven gold reserves are 330,000 ozs of gold with a current market value of $219 million after mining costs. Assessment of the leases will continue on an ongoing basis.
New Asia Gold Corp. trades in the United States on the NQB Pinksheets under the symbol “NWAG”. For further information please contact Robert Thomas at (561) 692 9988 or at http://www.newasiagold.com.
Contact:
New Asia Gold Corp. Robert Thomas (561) 692 9988
www.newasiagold.com
Source: New Asia Gold Corp.
