China Minerals Mining Corporation: New Strategic Growth Plan
31 Août 2011 - 9:01AM
Marketwired
China Minerals Mining Corporation ("China Minerals" or the
"Company") (TSX VENTURE: CMV)(PINK SHEETS: HWTHF) advises that the
Company is about to articulate and implement a new strategic growth
plan.
Subsequent to the change of the Board of Directors in late May
and the establishment of the Management Committee in mid July, the
Company as assisted by its advisors has conducted an extensive
review of its current assets, which include the Table Mountain and
the Taurus gold projects. The review suggests that fairly intensive
further investment in exploration is required to prove up the
potential and further advance these properties. To mitigate
exploration and development risk, the Company is exploring various
options for the current assets including joint ventures and
potential third party acquisition.
The Management Committee working closely with very skilled and
experienced advisors is evaluating undervalued assets from our
"project pipeline", searching for opportunities with significant
upside potential. The financing of the early phases of work on the
selected targets will be from our own cash resources, and
additional financing can be available from other financial sources
that the Company is connected with.
The Management Committee will facilitate implementation of this
strategy for growth. The Company's treasury of approximately 7.6
million dollars provides it with the financial resources to pursue
all options available to protect and build shareholder value.
About China Minerals Mining Corporation
China Minerals Mining Corporation is a Vancouver based
exploration and development company with offices located in both
Vancouver and Beijing. China Minerals Mining Corporation's ambition
is to build an international mining company with an appropriate
portfolio.
For more information on China Minerals, you can visit the
website at www.chinamineralsmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
David Bo, Executive Chairman
Neither 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 of
accuracy of this release.
Contacts: China Minerals Mining Corporation David Bo Executive
Chairman (604) 629-1505 or Toll Free: 1-888-629-1505
www.chinamineralsmining.com
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