Toronto, Ontario. June 22nd, 2015. –GoldLand Holdings Company (GHDC:OTC-PINK) announces that a gaming agreement signed by the Company’s previous management has been terminated.
CEO, Mr. Paul Parliament stated, “Effective immediately, GoldLand Holdings Company has taken steps to terminate the deal signed by previous management concerning casino equipment located in Columbia. Upon review of the structure of this contract, we found it not be in the best interest of the Company with our new model to further attempt to keep this contract whole.”
Mr. Parliament went on to say, “we had a small window of opportunity to close the door on this deal allowing the company to regain a large amount of stock and also result in the cancellation of expensive consulting contracts. Although there were many reasons surrounding the termination of this agreement; it simply made good business sense.”
Overall the termination of this agreement effectuates the receipt of a large batch of stock being returned to the Company for cancellation. All parties involved have acknowledged the termination and are satisfied that this is in the best interest of all parties. US SEC filings are to be forthcoming regarding this termination.
About GoldLand Holdings Company:
GoldLand Holdings Company (OTC PINK: GHDC) is a diversified Company, holding gold and silver mining properties in North America, as well as gaming equipment leased to an operator in South America.
GoldLand Holdings Company cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, vagaries of trade, market competition and other risks detailed herein and from time to time in the U.S. Securities and Exchange Commission filings of the Company.