SOURCE: Osceola Gold Inc.

Osceola Gold Inc.

July 28, 2015 09:00 ET

PhyHealth Corporation and Osceola Gold Incorporated Conclude Share Exchange Transaction in Successful Completion of Acquisition

STEUBENVILLE, OH--(Marketwired - Jul 28, 2015) - PhyHealth Corporation (OTC PINK: PYHH) is pleased to announce that the Company has completed a Mining Rights Stock Purchase Agreement Incident to Reorganization with Osceola Gold Incorporated, which became effective July 9, 2015, upon receipt of the control block of shares. As a result of the transaction, Pizz Incorporated was issued 76,500,000 shares, representing approximately 90.5% of the outstanding shares calculated post-issuance.

Having commenced trading as Osceola Gold Incorporated, the Company has now emerged as a gold mining operation focused in the famous Osceola Mining District of White Pine County, Nevada. Osceola Gold Inc. has retained all mineral rights for all precious metals, including gold deposits, on their leased land, an over 20 acre expanse of gold mining claims known as Mav G.

Geological reports prepared by Skookum Geological have indicated the value of Mav G at $300-500 million. Historical reports have an average value to a FALSE bedrock at $132.00 per cubic yard. All permits and bonds have been put into place for the mobilization of this project.

Osceola Gold Inc. has also obtained first right of refusal for production on the other Mav claims.

Mining in the Osceola District, White Pine County, Nevada, was launched in the 1870s and continues to this day. Major efforts were put forth in the late 1800s, 1930s and 1970s, with both lode and placer mining striking success with the removal of considerable amounts of gold. Studies conducted throughout these periods indicate economically viable amounts of gold in both the bedrock and in particular, the placer deposits that remain. For more information visit: http://www.nbmg.unr.edu/

The Company has applied for a corporate name and symbol change. As FINRA concludes due process yielding a final approval, the new name and symbol are expected to go immediately into effect.

Contact Information

  • For Investor Relations Contact:
    Osceola Gold Inc.
    740- 275-4227
    Osceolagoldinc.com
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