CGLD Capital Gold Announces Postponement of Annual Meeting of Stockholders NEW YORK, Jan. 16 /PRNewswire-FirstCall/ -- Capital Gold Corporation (TXS: CGC; OTC Bulletin Board: CGLD) today announced that it has postponed its annual meeting of stockholders,
NEW YORK, Jan. 16
/PRNewswire-FirstCall/ -- Capital Gold Corporation (TXS: CGC; OTC
Bulletin Board: CGLD Mining Stocks) today announced that it has postponed its annual
meeting of stockholders, which had been scheduled for January 20, 2009.
Details of the rescheduled annual meeting will be provided when they
are available. The annual meeting has been postponed to allow
management sufficient time to respond to comments of the staff of the
Securities and Exchange Commission resulting from a regular review of
the Company's periodic filings. In addition to the report of management
on internal controls over financial reporting which was contained in
the Company's recent Form 10-K, the SEC's comments require the Company
to obtain an attestation report of the Company's independent registered
accounting firm of internal controls over financial reporting, among
other matters. At the time that the Form 10-K was filed, that Company
believed that only management's report on internal controls over
financial reporting was required because the Company was previously a
smaller reporting company and not required to obtain an attestation
report of its independent auditor. The staff of the SEC has indicated
in its comment letter that an attestation report is required.
Accordingly, the Company has engaged its independent auditor to provide
such an attestation report. Upon receipt of such report, the Company
will amend its Form 10-K to include the report and will thereafter
schedule its annual meeting of stockholders.
Important Information to Stockholders
On December 10, 2008, in connection with its 2009
Annual Meeting, Capital Gold mailed to its stockholders, and filed with
the Securities and Exchange Commission, a proxy statement. The company
intends to amend its 2009 proxy statement in response to the SEC's
comments. Stockholders are urged to read the amended proxy statement
regarding the proposals to be acted upon at the annual meeting when it
becomes available, because it will contain important information. The
Company will mail the amended proxy statement to its stockholders when
it is available. Stockholders will be able to obtain a free copy of the
amended proxy statement, as well as other filings containing
information about Capital Gold, without charge, at the SEC's internet
site (http://www.sec.gov).
About Capital Gold
Capital Gold Corporation (CGC; CGLD) is a gold production and
exploration company. Through its Mexican subsidiaries and affiliates,
it owns 100% of the El Chanate gold property in Sonora, Mexico.
The Company has produced 40,000 ounces of gold in its first year of
operation. Further information about Capital Gold and the El Chanate
gold mine is available on the Company's website, www.capitalgoldcorp.com.
