G & S Minerals Announces Filing of Its Company Information and Disclosure Statement Pursuant to Rule 15c2-11 With Pink Sheets
19 Juin 2008 - 10:10PM
Marketwired
LAS VEGAS, NV (PINKSHEETS: GSML) (FRANKFURT: G9S), a mining
company focused on developing high-quality and low-risk mineral
resource and energy prospects, announced that it had recently filed
its Company Information and Disclosure Statement Pursuant to Rule
15c2-11 on the Pink Sheets website. The filed information is now
available for review on the Pink Sheets website operated by Pink
OTC Markets Inc.
The filed disclosure statement contains information about the
Company as outlined in Securities and Exchange Commission Rule
15c2-11 in accordance with the Pink Sheets Guidelines for Providing
Adequate Public Disclosure. It includes general Company
information, an overview of ongoing development projects,
information regarding the officers and directors of G&S, and
descriptions of the Company's securities.
G&S Chairman Charles Brown stated with respect to the
filing, "We encourage our stockholders and other parties interested
in learning more about G&S carefully review the Company's
information filed with Pink Sheets. We are hopeful that this will
greatly increase the transparency of our business operations, as we
fulfill the Pink Sheets Guidelines for Providing Adequate Public
Disclosure."
The full documents may be viewed here:
http://pinksheets.com/pink/quote/quote.jsp?symbol=GSML#getFilings
Under the Pink OTC Markets tier system, the Company is currently
categorized as "Caveat Emptor," reflecting a public interest
concern about the availability of current information about G&S
and its operations. With the filed Company disclosure statement and
additional anticipated Pink Sheet filings, the Company is seeking
to be designated as "Current Information" in the Pink OTC Markets
tier system.
The information included in the Company disclosure statement
also addresses one of G & S Minerals' due diligence
requirements under the Company's agreements with Mayan Gold, Inc.
Mr. Brown added, "As we have discussed in previous Company
announcements and more recently in our first-ever investor
conference call, fulfilling this the terms of these agreements and
consummating the strategic partnership and cross-investment with
Mayan Gold, Inc. is intended to enhance stockholder value through
access to high-value mineral properties. We believe it is
imperative that the Company meet the Pink OTC Markets' disclosure
guidelines to protect investors and benefit the Company through
re-classification into the "Current Information" tier of Pink OTC
Markets. We intend to work diligently to provide the remaining
financial information necessary to enhance G&S's public
disclosure and help investors make better-informed investment
decisions."
ABOUT G & S MINERALS, INC.:
G & S Minerals, Inc. (which also does business under the
name "Gold & Silver Minerals") is a mining company focused on
acquiring and developing high-quality, low-risk mineral resource
and energy prospects. G & S Minerals is pursuing opportunities
to develop working interests in mineral properties that offer a
short time to production, as well as significant upside exploration
potential. In addition, G & S Minerals is investigating
opportunities for corporate transactions that will expand its
mineral and resource portfolio. By leveraging its network of
industry contacts, management expertise, and its targeted
acquisitions, G & S Minerals is working to build rapid asset
growth, near-term cash flow, and shareholder value. Additional
information is available at G & S Minerals' website at
www.gold-silverco.com.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of applicable securities laws, including statements
about the Company's development plans and proposed transactions.
These statements are subject to numerous assumptions and
uncertainties, many of which are outside the Company's control.
Statements in this document are based on information the Company
believes to be reasonable, but involve significant uncertainties as
to the final structure or consummation of possible transactions,
the terms thereof, if any, availability and pricing of financing,
mineral prices, costs, ore grades, estimation of gold and silver
reserves, mining and processing conditions, construction schedules,
currency exchange rates, and the completion and/or updating of
mining feasibility studies, changes that could result from the
Company's future acquisitions or dispositions of new mining
properties or businesses, the risks and hazards inherent in the
mining business (including environmental hazards, industrial
accidents, weather or geologically related conditions), regulatory
and permitting matters, risks inherent in the ownership and
operation of, or investment in, mining properties or businesses in
foreign countries, as well as other uncertainties and risk factors.
Actual results and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. The Company disclaims any
intent or obligation to update publicly such forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact: G & S Minerals, Inc. Charles Brown 702-943-8848
G and S Minerals (CE) (USOTC:GSML)
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