SOURCE: Spartan Gold Ltd.

February 25, 2011 06:41 ET

Spartan Gold Ltd. Enters Into Investment Banking Agreement With Century Pacific Securities, Inc.

SCOTTSDALE, AZ--(Marketwire - February 25, 2011) - Spartan Gold Ltd. ("Spartan" or "The Company") (OTCBB: SPAG), a diversified U.S. based junior gold exploration company, announced today that it has entered into an investment banking agreement with Century Pacific Securities, Inc. ("Century Pacific"). Century Pacific is a licensed broker-dealer and a member of FINRA (Financial Industry Regulatory Authority). Under this agreement, Century Pacific will represent Spartan Gold, Ltd. in a best efforts capacity in a $10,000,000.00 (Ten Million and 00/100 USD) Private Placement into Public Entity (PIPE) transaction. The private placement is for an offering of restricted equity securities, in the form of Spartan Gold's common stock.

Spartan Gold CEO Mr. Malcolm Stevens commented, "We are proud to be working with Century Pacific Securities. They specialize in helping raise needed capital for emerging public companies. This will prove to be a great asset for the company and for our management team as we pursue the development of our project portfolio."

About Spartan Gold Ltd.

Spartan Gold Ltd. (OTCBB: SPAG) is a publicly traded U.S. based junior gold exploration and mining company with gold exploration and development activity centered in both the Carlin-Rain and Round Mountain-Northumberland Gold Trends in Nevada. The Carlin region is the location of the Spartan Gold prospect known as Poker Flats and Round Mountain, and Northumberland Mining Districts of Nevada are home to the Ziggurat project.

Each of these regions is endowed with major gold mines operated by a number of the world leaders in the mining industry. Major mining projects in the Carlin Trend are currently operated by Barrick Gold Corporation (trading on the NYSE and the TSX) and Newmont Mining Corporation (trading on the NYSE) which exist both north and south of the Poker Flats prospects, respectively. Additionally, some of the major mining projects in the Round Mountain-Northumberland districts are currently operated by Barrick Gold Corporation and Fronteer Gold (trading on the ASE) which exist in close proximity to the Ziggurat prospect. The Company also has mining interests in the northeast region of Alabama in the historical Arbacoochee Mining District. The Company is currently pursuing opportunities for several acquisition targets in select areas of the world, and is focusing on operational plans for current projects. The directors, management and advisers of Spartan Gold have over 90 years of combined experience in the exploration and development of global mining projects.

Spartan's commitment to asset growth and increased shareholder value will be sustained by the development of highly prospective projects, accelerated exploration activities and the acquisition of viable resources. Spartan has selected an international board of directors experienced in undertaking exploration, development and funding of numerous energy and minerals projects around the world.

About Century Pacific Securities, Inc.

Founded in 2003, Century Pacific Securities, is a United States based broker-dealer and member of FINRA. The firm has an international focus and is currently working with clients from Europe, the Far East and Central America. With broad international exposure, Century Pacific has a global perspective on the capital markets. Century Pacific offers multiple services including investment banking, trading, wealth management and institutional services.

Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on Spartan Gold Ltd. predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in metal prices, the ability to successfully fund any exploration activities, consumer and business consumption habits, the ability to fund operations and other factors over which Spartan Gold Ltd. has little or no control. Such forward-looking statements are made only as of the date of this release, and Spartan Gold Ltd. assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in Spartan Gold Ltd. Form 10-K for its fiscal year ended December 31, and other documents filed from time to time by Spartan Gold Ltd. with the Securities and Exchange Commission.

Contact Information

  • For more information about Spartan Gold, Ltd:
    See our website
    Please contact:
    Investor Relations
    Mr. Seth Shaw
    Tel: 917-796-9926
    Email: Email Contact

    For more information about Century Pacific Securities, Inc.:
    See our website
    Please contact:
    Century Pacific Securities, Inc. Member FINRA/SIPC
    Mr. Asa Williams
    Managing Director
    Office: (425) 576-4104
    Email: Email Contact