WILTON, CT -- (Marketwired) -- 08/29/13 -- Gold Coast Mining Corp. (OTC Pink: GDSM), an acquirer of working interests in oil and natural gas projects, announced that Ludlow Research had issued a "speculative" research opinion on the company based on pending oil production, and low market capitalization.
•New Management/New Strategic Direction •Developing Energy Division •Oil Production Expected in September •1.1 Billion Common Shares Outstanding •Low Market Cap of approximately $440,000
Ludlow Research issued their alert based on recent closure of first working interest in the Tiger Development oil project, and on the company's low market capitalization valuation. The creation of a new energy venture division under GDSM, oil production in their first working interest expected to commence in September 2013, and new Company management.
As of August 15, 2013, there were 1.1 billion common shares were issued and outstanding, giving the stock a current market cap of only $440,000. Although not fully reporting, the Company is 'Current' with OTC Markets, and is in process of being audited to bring the company back reporting under the Securities Act of 1934.
To review the report, disclosure, and other risk factors to this alert please visit http://www.ludlowresearch.com/reports.html
ABOUT GOLD COAST MINING
Gold Coast Mining Corp. is a holding company with interests in the mining and energy sectors. The Company's goal is create a vertically integrated oil division under its Energy Division and continue its diversification into other high growth industries. The primary goal is generate cash flow to sustain and grow profitability.
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Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.
Gold Coast Mining Corp.
Phone: (203) 210-5614
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Phone: (917) 937-8968
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