TORONTO, ONTARIO--(Marketwired - Jul 5, 2013) - Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan Gold" or the "Company") announces that it has exercised its put right to transfer its 10% working interest in the Farley Lake property back to Carlisle Goldfields Limited ("Carlisle") in exchange for 10,000,000 common shares of Carlisle. Upon completion of the transaction, Ryan Gold will own an aggregate of 16,250,000 common shares and 3,125,000 purchase warrants of Carlisle. The transaction is expected to be completed on or about July 18, 2013.
About Ryan Gold Corp.
Ryan Gold is an exploration company with a portfolio of gold exploration projects in the Yukon Territory, Canada. The Company is well funded and has a large land package of over 400,000 hectares comprised of over 60 different properties. The Company's flagship property is Ida Oro, which was drilled in 2011 and 2012.
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the timing of completion of the issue of common shares of Carlisle to the Company. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. This press release is not, and is not to be construed as an offer to buy or sell securities in the United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.