PHOENIX, Jan. 13, 2006 (PRIMEZONE) -- Golden Apple Oil and Gas, Inc. (Pink Sheets:GAPJ) is pleased to announce that it has secured the first $100,000.00 placement as they finalize arrangements for additional financings.
This is the first of many financings which the company has scheduled, according to the company's Chief Financial Officer.
"Our strategic financing plan sets out a series of small to mid size financings from multiple investor groups," explained Jay Budd, Company President and CEO. "We are careful to set our investment expectations at a reasonable level, and we have designed a program which allows us to diversify our investor base over a larger audience," Budd went on to say.
The company is planning additional announcements regarding Directors, Advisors and Management in the next few days, according to company officials. "We will be disclosing information to our shareholders and the public regarding additional asset acquisitions, in real time," quoted Mr. Budd.
Headquartered in Phoenix, Arizona, Golden Apple is an independent oil and gas producer with a focus on North American properties. The Company applies advanced technologies to systematically explore and develop its oil and natural gas opportunities. Golden Apple focuses its activities where technology can be used effectively to maximize returns on invested capital by reducing drilling risk and enhancing its ability to cost-effectively grow reserves and production volumes.
The Company's common shares are listed on the OTC Pink Sheets: under the symbol GAPJ.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.