Sun Valley Gold LLC

June 19, 2008 16:30 ET

Sun Valley Gold LLC: Control and Direction Over Common Shares of PC Gold Inc.

SUN VALLEY, IDAHO--(Marketwire - June 19, 2008) - Sun Valley Gold LLC ("Sun Valley") announced today that it has, on behalf of client accounts over which it has discretionary trading authority, acquired control and direction over 3,000,000 common shares of PC Gold Inc. ("PC Gold"). The common shares were acquired from treasury in connection with the initial public offering of PC Gold on May 13, 2008.

Following completion of PC Gold's initial public offering, the 3,000,000 common shares of PC Gold over which Sun Valley exercises control and direction represent approximately 11.7% of PC Gold's issued and outstanding common shares. Of the 3,000,000 Common Shares over which Sun Valley exercises control and direction, Sun Valley Gold Master Fund, Ltd. is the beneficial owner of 1,920,000. The balance of the Common Shares are beneficially owned by arm's-length clients on behalf of whom Sun Valley manages investment accounts.

The common shares of PC Gold were acquired for investment purposes. Sun Valley and its clients may increase or decrease their ownership of securities of PC Gold depending upon future market conditions.

Contact Information

  • Sun Valley Gold LLC
    Mr. Peter F. Palmedo
    President
    (208) 726-2327
    (208) 726-2469 (FAX)