duncanmcl,

Sorry for the late reply, on extensive travels, and also moved from N. Ont to the states

as you may now know, the stock did a reverse split to qualify for the amex

btw, Timmins does not have the money.....bigger fish are snooping around

"At a special meeting of stockholders on Oct. 31, Capital Gold's stockholders, by an overwhelming majority, authorized its board of directors to effect a reverse split of its common stock at a ratio in the range of 1-for-4 to 1-for-6.

The split was proposed to meet the $2 minimum stock price requirement for listing of the company's common stock on the New York Stock Exchange

The market downturn has created other prospects for the company and there have been informal talks with other junior miners in the region. Mr. Brownlie added: "Our financial position is strong, and we are ideally placed to explore the unique opportunities being created by the current market conditions. So, while continuing to explore at El Chanate, we will be focusing on the acquisition of other projects and properties in Mexico."　

CAPITAL GOLD ANNOUNCES REVERSE STOCK SPLIT/

Board: CGLD) announced today that it has applied for the listing of its common stock on the NYSE AMEX.

The Company also announced that, to meet minimum share price requirements in connection with its NYSE AMEX listing application, it has today effected a reverse stock split, with every four (4) shares of common stock of the Company issued and outstanding being converted into one (1) share of common stock.

The shares will commence trading today on the OTC Bulletin Board and the Toronto Stock Exchange on a post-reverse split basis.

The reverse split was originally approved by shareholders at the Annual Shareholders Meeting held on October 31, 2008 and subsequently ratified by shareholders at the recent Annual Shareholders Meeting held on January 19, 2010.

"We are pleased to be applying for this stock listing to move from the OTC Bulletin Board to the NYSE AMEX," said Gifford Dieterle, Chairman and Chief Executive Officer of Capital Gold. "This application for listing marks an important strategic step with regard to raising our profile as a gold production and exploration company, and improving our stock's liquidity as we continue to make progress on achieving our corporate objectives."….

regards,

Hg