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News Releases
 Fri Dec 18, 2009
Private Investor Increases Shareholdings

 News Release # 09-32 TSX Venture Exchange: PMV US PMVGF.PK
December 18, 2009 Frankfurt/Berlin: AOJMW7 Issued & Outstanding:197,340,954

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

PRIVATE INVESTOR INCREASES SHAREHOLDINGS
December 18, 2009, Vancouver B.C. -- PMI Gold Corporation (TSX.V: PMV)
National Instrument 62-103 Report Disclosure
The Company is advised, that Waratah Investments Ltd. ("Waratah"), of 15 Odum Street, North Dzorwulu, Accra, Ghana, acquired an additional 2,052,000 common shares of the Company. The shares were purchased for investment purposes. Waratah's present intention is to acquire additional shares of the Company from time to time.
After giving effect to the acquisition referred to above, Waratah beneficially owns 40,952,000 common shares and 38,900,000 share purchase warrants. Upon consummation of the purchase of such common shares and share purchase warrants and exercise thereof, they would represent approximately 33.8% of the issued and outstanding common shares of the Company.
On behalf of the Board,
"Douglas R. MacQuarrie"
President & CEO

For further information please contact:
Douglas MacQuarrie, President & CEO
Telephone: 1 (604) 682-8089 Toll-Free: 1 (888) 682-8089 Facsimile: 1 (604) 682-8094
or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: frram@aon.at
Or visit the PMI Gold Corporation website at www.pmigoldcorp.com

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

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. We Seek Safe Harbour.
 
 

You can view the Next News Releases item: Wed Dec 23, 2009, First Holes Reported From 28 Drill Hole Program, Obotan Project, Ghana

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