Published:
San Gold Corporation Comments on Recent High Trading Volume
San Gold Corporation (TSX-V: SGR), (the
"Corporation") wishes to publicly respond to inquiries it has received from
several market participants and shareholders regarding the unusually large
volume of trading on December 20th in the common shares ("Shares") of San
Gold Corporation. On December 20, 2005, 6,318,533 shares were traded,
whereas between December 1, 2005 and December 19, 2005, the volume of
shares traded on a daily basis has been in the range of 151,450 to 844,986,
with an average daily trading volume of approximately 335,000 shares for
that period.
The Corporation wishes to confirm that it is not aware of any undisclosed
material information regarding the Corporation that would justify the
unusually high volume of trading in the shares.
The Corporation has confirmed that the unusual volume of shares traded on
December 20, 2005 was related to the sale of a large block of shares by one
shareholder to multiple buyers, including one large Canadian and one
American mutual fund. In addition, the Corporation confirms that no
insiders participated in trading on that date.
For further information contact Dale Ginn, President of San Gold
Corporation, at (204) 794-5818.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
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