PEARL GOLD AG: Pearl Gold AG files for insolvency

Frankfurt (pta023/10.06.2016/19:30 UTC+2) On the basis of an comprehensive assessment, the managing board of Pearl Gold AG ("Company") has resolved to file for the opening of insolvency proceedings over the assets of the Company with the competent Local Court Frankfurt/Main without undue delay. The reasons for insolvency are illiquidity and over-indebtedness. The Company does not have sufficient liquid funds available to cover its payable liabilities. In addition, a positive forecast for the continuance of the Company as a going concern does not exist and the Company is over-indebted on the basis of the current stage of the assessment.

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Emitter:	PEARL GOLD AG Neue Mainzer Straße 28 60311 Frankfurt Germany
Contact Person:	Reza Pacha
Phone:	+49 69 971097-555
E-Mail:	info@pearlgoldag.com
Website:	www.pearlgoldag.com
ISIN(s):	DE000A0AFGF3 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt