SOURCE: Gold & Silver Minerals

April 23, 2008 18:33 ET

G & S Minerals Announces Submission of Company Information and Disclosure Statement to the Pink OTC Markets Inc.

LAS VEGAS, NV--(Marketwire - April 23, 2008) - G & S Minerals, Inc. dba Gold & Silver Minerals ("G&S," "the Company") (PINKSHEETS: GSML) (FRANKFURT: G9S), a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, announced that it was today submitting its Initial Company Information and Disclosure Statement and related listing documents to Pink OTC Markets Inc. The submissions are intended to have quotes for G&S's stock included in the Pink Sheets quotation system and have the Company meet the Pink Sheets' published guidelines for providing adequate current information for the benefit of G&S shareholders and the public interest at-large.

Under the Pink Sheets OTC market tier system, the Company is currently categorized as "Caveat Emptor," reflecting a public interest concern about the availability of current information about G&S and its operations. Under Pink Sheets' market policies, Pink OTC Markets Inc. has discontinued the display of G&S stock quotes on its Pink Sheets website. The Company acknowledges the necessity of adequate current information and intends to continue to provide current information in a manner consistent with Pink Sheets' guidelines.

By submitting the company information disclosure statement and other listing documents, the Company believes it will be eligible, subject to review and approval by Pink OTC Markets Inc., to be categorized as "Current Information" under the Pink Sheets OTC market tier system. This would facilitate the removal of the "Caveat Emptor" warning to potential investors, its replacement with a "Current Information" notice, and the resumption of the display of G&S stock quotes on the Pink Sheets website.

The Company believes it is imperative to meet the Pink Sheets Guidelines for Providing Adequate Current Information. The Company intends to work with Pink OTC Markets Inc. to see that the submitted listing documents and the disclosure statement are promptly and satisfactorily reviewed. G&S is unable to determine the exact timeframe for Pink OTC Markets Inc.'s review process, but G&S intends to notify shareholders in the event of any material developments in the Company's quotation status on Pink Sheets.

ABOUT G & S MINERALS, INC.:

G & S Minerals, Inc. (which also does business under the name "Gold & Silver Minerals") is a mining company focused on acquiring and developing high-quality, low-risk mineral resource and energy prospects. G & S Minerals is aggressively pursuing opportunities to develop working interests in mineral properties that offer a short time to production, as well as significant upside exploration potential. In addition, G & S Minerals is investigating opportunities for corporate transactions that will expand the mineral and resource portfolio. By leveraging its network of industry contacts, management expertise, and its targeted acquisitions, G & S Minerals is working to build rapid asset growth, near-term cash flow, and shareholder value. Additional information is available at G & S Minerals' website at www.gold-silverco.com.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements about the Company's stock quotation and disclosure plans and actions. These statements are subject to numerous assumptions and uncertainties, many of which are outside the Company's control. Statements in this document are based on information the Company believes to be reasonable, but involve significant uncertainties as to the timing and outcome of the Company's submissions and the review process at Pink OTC Markets Inc. Such uncertainties include the substance and timing of the review process, any resulting comments or questions, intervening changes in the Company's status and business, and the Company's ability to obtain and provide necessary current information to Pink OTC Markets Inc. Actual results and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Except as noted above, the Company disclaims any obligation to update such forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • Company Contact:
    G & S Minerals, Inc.
    Sue Steging
    702-943-8848