SILA.OB, Gold American's future seems colored in gold!

July 31, 2010 - PRLog -- Gold American Mining Corp. (OTC.BB:SILA) is focused on the aggressive, ongoing acquisition and exploration of precious metals holdings with rich gold production potential.

SILA entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. SILA has received funds in the amount of $300,000 in virtue of this agreement and that they still have a balance of $7.2 million that could call upon to fund their exploration and acquisition strategy. During 2010, the company have received total equity subscription proceeds of $500,000.

SILA already has two properties, one called the Keeno Strike Property in Nevada and the other known as the Guadalupe Property in Mexico.

With the inevitable rise in value a company as SILA that is in mining today could see their stock go anywhere. A bullish activity has also been witnessed in SILA stock as it was trading around $0.65 a week ago and has seen improvement of 78 percent in just one week supported by high trading volumes.

In this regard we are watching SILA, Gold American Mining Corporation. Gold Americans future seems colored in gold!

More about SILA at: www.gold-american.com

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