Nelly Shishkova

Pershing Gold Corp (OTC:PGLC) Is Ready to Climb on News and Promotions

by Nelly Shishkova March 27, 2012

PGLC_logo.pngPershing Gold Corp is a newly-formed gold exploration company with a focus on the highly productive gold trends in North Central Nevada. As of September 30, 2011 the former Sagebrush had $1.4 million in cash and cash equivalents, however, its liabilities were over $20 million.

And while Pershing Gold intends to acquire a property valued at $6 million, the company's going concern status states that future issuances of its equity or debt securities will be required in order for PGLC to continue to finance its operations.

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