Drake Gold Resources Inc. (DKGR:OTC), announces Directorial Changes and No Reverse Split

Portland, OR - October 20, 2014 - InvestorsHub NewsWire - Drake Gold Resources Inc. (DKGR:OTC)  is pleased to announce that  Mahabubul Kabir has been appointed as the new CEO with Peter Matousek now as the Director of Shareholder Relations. Peter Matousek will resign his directorial and officer positions as of December 31st, 2014 now that the transition of Drake Gold into a textile company has been finalized. 
 
Mr. Kabir, director of Drake Gold Resources Inc. (DKGR:OTC),  is enthusiastic regarding Drake's future prospects and states, "this  is a  company with a new vision with exciting product lines. We have an unparalleled business model which is unique to the garments and textile industry. As such, we are committed to providing superior apparel and textile products to both the U.S. and Canada at the lowest possible price coupled with delivery times superior to any of our competitor's. 
 
Mr. Kabir continued, "I have received several inquiries, regarding the possibility of a reverse split and,  at this time and the foreseeable future, I have no intentions of initiating a reverse split."
 
Updates will be forthcoming. 

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

 

Contact: Drake Gold Resources, Inc.
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