CWRN: "B.O.D. Set for November 20 Meeting"
30 Septembre 2010 - 3:15PM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- Robert L.
Cotton, President of Cotton & Western Mining, Inc., announced
that a special meeting of the Company's Board of Directors will be
held on November 20th, 2010 to discuss the following points of
reference:
1. Review the year to date mining progress at the Baja Pacific
Iron Mineral Mining Project.
2. Review the issued and outstanding pubic share structure and
vote on the number of common shares that will be made available to
the public. The Company is contemplating a treasury buy back
program for sixty (60%) percent of the public free trading common
shares in year 2011.
3. Review the common share count percentage held by affiliates
and insiders. Currently Pan American Mineral Ventures, LLC., State
of Nevada, is the largest shareholder controlling 1.75 billion
common shares. Both Pan American Mineral Ventures, LLC. and
Panamerican Minerals Ventures, S.A. de C.V. Baja California, Mexico
are CWRN affiliates; both companies are co-managed and controlled
by Robert L. Cotton Jr. and Sharon Vazquez for and on behalf of
Cotton & Western Mining, Inc. as trustees, pursuant to a
corporate consent resolution and trustee contract by and between
the parties.
4. Review and discuss the possibility of a corporate name change
from Cotton & Western Mining, Inc. to Pan American Mineral
Ventures, Inc. to better reflect the Mexico In-country affiliate
operations.
5. Review and discuss the possibility of relocating the
corporate office to San Diego, California, to better serve the
project operations; currently Management Officers are on location
in Ensenada, B.C. The Houston office number +1 713 482 7593 now
transfers into Mexico.
Baja Mining Activities: Currently
Panamerican Minerals Ventures, S.A. de C.V. has opened and is
operating the west side of the iron mineral concession "Guadalupe"
located in Baja California, Mexico and a contract for 105,000 dry
metric tons of raw crude iron ore (CFR China Sea Borne Trade) in
sizes 50mm to 125mm has been executed for three (3) 35,000 dmt bulk
shipments in the forth quarter of 2010. A short video of the early
mine preparation will be placed on the Company website in the near
future together with portfolios of project photographs that will be
appearing on Facebook, (date to be announced). Officers and Directors: Robert L. Cotton, Jr. /
President-Director; Sharon Vazquez / Vice President-Corp
Secretary-Director; Robert L. Cotton, III / Corp
Treasurer-Director; Emily Cotton / Director; Jennifer Cotton Scott
/ Director Company News Letter: The September
Company News Letter was sent out today via electronic mail
containing pictures of the current activities to shareholders and
other business contacts. Persons interested in receiving Baja
Mining News, concerning the project may request a copy from the
following e-mail link: bajaminingnews@yahoo.com Related News: The Spot Crude Iron Ore Price for the
China Seaborne Trade as reported on closing Wednesday, September
29th, 2010 at CFR $138.54 per dry metric ton Port of Qingdao. Daily
index prices may be viewed at the Metal Bulletin link below. Metal
Bulletin Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) is a Nevada
Corporation that is engaged in metal mineral exploration,
development and operations for "Iron Mineral Mining." For more
information, please visit the company's website at
www.cottonwestern.com.
Safe Harbor: Statements regarding
financial matters in this press release other than historical facts
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that
such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to
be dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
Contact: Cotton & Western Mining, Inc. +1 713 482 7593
Cotton and Western Mining (GM) (USOTC:CWRN)
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