Pediment Gold Corp.
TSX : PEZ
OTC Bulletin Board : PEZGF

Pediment Gold Corp.

April 24, 2009 16:05 ET

Pediment Gold Corp.: Private Placement Not Proceeding

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2009) - Pediment Gold Corp. (TSX:PEZ)(OTCBB:PEZGF) (the "Company") announces that due to current market conditions, it will not be proceeding with the brokered private placement of up to 6,666,667 units disclosed in its announcements of March 30 and April 2, 2009.

The Company is well funded with a treasury of $15 million. The funds on hand will allow the Company to proceed with its business plans for the foreseeable future, including continued exploration, vetting additional projects for acquisition and the continued development of the San Antonio Project.

On behalf of the board,

Gary Freeman, President & CEO

This news release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 27E of the U.S. Securities Exchange Act of 1934, as amended, and within the meaning of Canadian provincial securities laws applicable to the Company, regarding the future business plans of the Company. Such statements include, without limitation, statements regarding future exploration activities by the Company, future anticipated exploration programs, business and financing plans, business trends and future operating costs and revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, and the U.S. Securities and Exchange Commission's Electronic Data Gathering and Retrieval (EDGAR) System at www.sec.gov, for a more complete discussion of such risk factors and their potential effects.

This news release is not, and is not to be construed in any way as, an offer to buy or sell securities.

The TSX has not reviewed or accepted responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Pediment Gold Corp.
    Gary Freeman
    President & CEO
    604-682-4418