LAS VEGAS--(BUSINESS WIRE)--
Gold Hill Resources, Inc. (OTCQB: GULD) (the "Company") is pleased to announce the completion of the acquisition of Accurate Locators, Inc. As of June 13, 2013, Accurate Locators became a wholly owned subsidiary of Gold Hill Resources. We are presently authorized under our certificate of incorporation, as amended to date, to issue 200,000,000 shares of common stock. As of the Closing, we had 31,315,970 shares of common stock issued and outstanding, of which 29,732,000 shares were owned by Accurate Locators’ former shareholders, representing approximately 95% of the outstanding shares of our common stock immediately following the Merger, and 1,600,000 shares were held by former shareholders.
This transaction will affect a change in control of the Company with the shareholders of Accurate Locators Inc. becoming the controlling shareholders of the Company. Effective immediately, we appointed Wayne Good as Chief Executive Officer and Ken Bailey as Chief Technology Officer. The following persons serve as our executive officers and directors:
|Wayne Good||67||Chief Executive Officer|
|Ken Bailey||64||Chief Technology Officer|
|Mark Flanagan||52||Vice President and Secretary|
|Eric Stoppenhagen||39||Director and Chief Financial Officer|
About Gold Hill Resources, Inc.
Gold Hill Resources is engaged in the mining and mineral detection technology via our wholly owned subsidiary Accurate Locators, Inc. Utilizing our evolving technology in metal detection products, we plan to identify potential acquisition and partnership opportunities within the precious metals mining sector. Please visit our website at GoldHillResources.com.
About Accurate Locators, Inc.
Accurate Locators is a leading all-purpose metal detector manufacturer and distributor. Accurate Locators has been in business since 1992 providing several industry benchmark metal detectors for treasure hunting, gold and royal metal prospecting, forensic and military applications and also for locating under-ground utilities. The products have been used by mining operators, treasure hunters and various sectors of the U.S. Government, including the military branches. Our client list includes the following: Westinghouse, Bureau of Land Management, Bechtel, Graybar, General Services Administration (GSA) and U.S. Army, Navy and Marines. Please visit our website at AccurateLocators.com.
Safe Harbor Statement
Go to http://goldhillresources.com/safe-harbor-statement/ to review our Safe Harbor Statement.
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- wholly owned subsidiary
Mark Flanagan, Vice President