LAS VEGAS, NEVADA--(Marketwire -02/06/12)- Gold Dynamics Corp. (GLDN) (OTC.BB: GLDN.OB - News)(OTCQB: GLDN.OB - News) (http://www.golddynamics.com) announces that their largest shareholder has agreed that the company will redeem and cancel a total of 50 million issued and outstanding shares.
The cancellation will effectively reduce Gold Dynamic's outstanding shares from 138,450,000 to 88,450,000, or a reduction of 36%. This move is intended to enhance the company's ability to complete an acquisition of a gold property which combined with the share cancellation should enhance shareholder value.
Gold Dynamic's Company President, Gary Kirk, commented: "I view this as a positive decision and the right thing to do. This move will increase the value of our remaining outstanding stock at this time and will benefit our current and future shareholders going forward while giving your management the flexibility to acquire the desired world class properties we seek."
About Gold Dynamics Corp.
Gold Dynamics Corp. is an emerging precious metal explorer focused on under-explored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration. The company has brought together a highly experienced board and management team consisting of capable professionals with significant development and mine management experience.
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.