WCX

Williams Creek Gold Limited ("Williams Creek," or the "Company") (TSX
VENTURE:WCX) is pleased to announce the release of its audited Financial
Statements and its Management's Discussion and Analysis for the first quarter
ended April 30, 2014. These financial statements have been prepared in
accordance with the International Financial Reporting Standards (IFRS). 


These documents are available on the Company's website (www.williamscreek.ca)
under Company Filings and will be available shortly on Sedar (www.Sedar.com). 


For the first quarter, the Company is reporting net earnings of $195,447,
compared to a net loss of $422,968 in the prior year's quarter. Unrealized gains
on investments of $263,849 and realized gains of $14,009 accounted for the
majority of the decrease in losses. As for expenses, general administration
expenses decreased by $26,399 and stock-based compensation expenses decreased by
$30,426. No exploration expenditures were incurred and no investing activities
were undertaken this quarter. The comprehensive loss for the quarter is
$308,706, after accounting for an unrealized loss on investments of $504,153
relating to the company's investment in Tyhee, versus a comprehensive loss of
$1,077,475 for the same period in the prior year. 


sAs at April 30, 2014, the Company has cash and cash equivalents of $260,404,
investments held for trading of $885,128, and long-term investments of
$2,128,889. The balance sheet remains strong, with assets of $7,745,782 and
liabilities of $61,098. 


Significant events occurring subsequent to the period end include changes to
management on June 13th. Interim CEO and Chairman James Wyant resigned from the
Board of Directors and Dr. Hans Peter Black was appointed interim CEO and
Chairman. 


About Williams Creek Gold Limited (WCX) 

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Gold Limited. 

Williams Creek Gold Limited is a Canadian company with the primary purpose of
participating broadly in the natural resource sector, with an emphasis on the
gold sub-sector, through exploration, joint ventures or other equity
investments. 


The Company owns various mineral interests in the Cariboo, Kamloops and Omineca
Mining Divisions in the province of British Columbia. The Company also has a
joint venture outside of Yellowknife, NT, and a net 30% interest in the ATW
diamond property in the MacKenzie Mining District of the Northwest Territories. 


The Company is engaged in the exploration of mineral properties, an inherently
risky business. There is no assurance that a mineral deposit will ever be
discovered and economically produced. Most exploration projects do not result in
the discovery of commercially mineable ore deposits. The price of gold is
affected by numerous factors beyond the control of the Company and has been
volatile over short periods of time. 


The Company is subject to the laws and regulations relating to environmental
matters in all jurisdictions in which it operates, including provisions relating
to property reclamation, discharge of hazardous material and other matters. The
Company may also be held liable should environmental problems caused by former
owners and operators of its properties and properties in which it had an
interest be discovered. The Company believes it conducts its mineral exploration
activities in compliance with all local legislation and regulation as well as
all applicable environmental protection legislation. The Company is not aware of
any existing environmental problems related to any of its current or former
properties that may result in material liability to the Company. Environmental
legislation is becoming increasingly stringent and costs and expenses of
regulatory compliance are increasing. The impact of new and future environmental
legislation on the Company's operations may cause additional expenses and
restrictions. If the restrictions adversely affect the scope of exploration and
development on the mineral properties, the potential for production on the
property may be diminished or negated. Although, the Company has taken steps to
verify the title to mineral properties in which it has an interest, in
accordance with industry standards for the current stage of exploration of such
properties, these procedures do not guarantee the Company's title. Property
title may be subject to unregistered prior agreements or transfers and title may
be affected by undetected defects. The Company has no revenues from operations
at present; the only sources of funds currently available to the Company are the
appreciation of assets held by the company and their sale, the sale of equity
capital, or the offering of an interest in its projects to another party. 


The Company is a reporting issuer in British Columbia, trading on the TSX
Venture Exchange under the symbol "WCX.V".


On behalf of the Board of Directors, 

Hans Peter Black, Chairman and interim CEO 

Williams Creek Gold Limited 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


This news release may contain forward-looking statements including management's
assessments of future plans and operations, and the anticipated timing of
meeting the terms of its joint venture agreement obligations. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ materially from those
anticipated. These risks include, but are not limited to, the risks associated
with the mining and exploration industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures), and the
uncertainty of the availability of capital. The assumptions used in the
preparation of such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Williams Creek Gold Limited
Hans P. Black
Chairman and interim CEO
514-393-3232
www.williamscreek.ca

Grafico Azioni Williams Creek Gold Limited (TSXV:WCX)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Williams Creek Gold Limited (TSXV:WCX)
Storico
Da Giu 2023 a Giu 2024