SOURCE: GoldLand Holdings Company

GoldLand Holdings Company

May 28, 2015 10:00 ET

GoldLand Holdings Company (GHDC) Implements 2 Year Hold or $2.00 Price Before Preferred Stock Conversion

TORONTO, ON--(Marketwired - May 28, 2015) - GoldLand Holdings Company (OTC PINK: GHDC) announces that its Board of Directors unanimously agreed to a 2 year (24 months) hold or a $2.00 common stock price before they can convert any of the control block preferred stock issued.

Mr. John Gwynne Prosser II, Chairman of GoldLand Holdings Company, states, "With the upcoming announcements surrounding our new business model and growth plan, we [the board] felt it is only right to assure the shareholders and investors that we are different from the past management, distinguishing ourselves as we move forward." Prosser II went on to say, "This is an exciting time we are facing and we want the past... to be the past. The company has a solid growth strategy and we don't want anything hanging over us that could potentially disrupt or derail the direction of the company."

GoldLand Holdings Company will be issuing a complete "Board Resolution" that will be signed by all members stating that the preferred stock they issued themselves to take control and remove the past management will not be accepted for conversion unless a 2-year [24-month] period from the date of this release has passed, or until GHDC's common stock trades at least $2.00 per share price.

For further information about this release, contact Kara Craig, Investor Relations, YES INTERNATIONAL, 757-306-6090 and/or email yes@yesinternational.com; www.goldlandholdingscompany.com

About GoldLand Holdings Co:

GoldLand Holdings Company (OTC PINK: GHDC) is a diversified Company, holding gold and silver mining properties in North America, as well as gaming equipment leased to an operator in South America.

SAFE HARBOR:

GoldLand Holdings Company cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, vagaries of trade, market competition and other risks detailed herein and from time to time in the U.S. Securities and Exchange Commission filings of the Company.

Contact Information

  • Contact:
    Kara Craig
    YES INTERNATIONAL
    757-306-6090
    Email Contact