Golden Sunset Trail Inc.

December 29, 2009 18:05 ET

Golden Sunset Trail Inc. Announces Financial Status Update

GRIMSBY, ONTARIO--(Marketwire - Dec. 29, 2009) - GOLDEN SUNSET TRAIL INC. ("Golden Sunset" or the "Corporation") (TSX VENTURE:GST) hereby announces that its recent attempts to secure financing have not provided the capital the Corporation was attempting to acquire. The Corporation's ability to continue as a going concern is dependent upon the Corporation obtaining funds adequate to meet the cash requirements of the business. The Corporation currently does not have the necessary funds to meet certain of its current obligations and those coming due in January 2010. As a result the Corporation is focusing its efforts on finding a remedy to this situation including seeking outside capital and potential asset sales. While the Corporation is focusing its best efforts on these matters, there are no assurances that management will be successful in such initiatives. At this time there is a significant risk regarding the Corporation's ability to continue as a going concern and be able to maintain its public listing requirements. 

Neither 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.

Contact Information

  • Golden Sunset Trail Inc.
    Daniel Donn
    President & CEO and a Director
    (905) 977-0387