KPOC to Change Name & Industry: Company to Acquire Historically Significant Revenue Producing Copper Mining Rights in Chile
18 Mai 2018 - 3:12PM
InvestorsHub NewsWire
Company Sheds Organic Cosmetics Venture; To Be Renamed ‘KPOC
Mining, Inc’ And Will Retain KPOC Trading Symbol
Hasbrouck Heights, NJ -- May 18, 2018 -- InvestorsHub Newswire
-- Kimberly Parry Organics, Corp. ("KPOC" or the "Company")
(OTCPINK:KPOC), today announced that it is acquiring multiple
significant revenue producing copper mining sites in Chile.
The Company will be changing its name to “KPOC Mining, Inc.” to
better reflect the public Company’s exit from the organic cosmetics
marketplace. The Company will be acquiring the assets in Chile
through its majority owned subsidiary, “KPOC Mining Chile, Inc.”
KPOC Chile will also oversee all aspects of the day-to-day
operations in South America.
The Company’s transformation to copper mining is a wise one,
says Company President, Theodore Collas. “If you want to mine
copper, Chile is the world’s most desirable location. The country
is rich in untapped deposits.”
In an article on “The World's 20 Largest Copper Mines” (the
mines that produce about 40 percent of the world's copper)… 7 of
the top 14 mines are all located in Chile.
https://www.thebalance.com/the-world-s-20-largest-copper-mines-2014-2339745
Copper Investing News says:
“If one were to ask where the homestead of copper production
is located, all fingers would point to Chile. The top copper
producer in the world, the country hosts many notable copper
miners… “We believe that for copper, Chile is the number-one spot
on the planet to explore and develop a copper mine,” says
Chilean Metals Chairman Terry Lynch. “The country has a historical
track record of being the best spot to explore
copper in the world.” (emphasis added)
Chile is the most favorable jurisdiction in South
America. It has a long history of strong mining laws and is
mining friendly, especially to foreign
companies. https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-mining-chile-top-producer/
Company President, Theodore Collas said: “We have wonderful
relationships with the key players in the industry, both public
& private. Now that we have fully evolved into a copper mining
company, Management will be continually providing more details and
updates on a regular basis.”
About KCOP Mining USA, Inc.
KPOC Mining has entered into agreements to purchase 23 copper
mining sites in the Republic of Chile. Our geologists have
determined that each of mining properties will be highly
commercially productive. We believe that development of the first
mining site will commence in the first half of 2018, and the
remaining sites will be developed over a three- year period. All
mining operations will be conducted by KPOC Mining Chile, our
Chilean subsidiary.
If you have specific questions about the Company, please email
us at admin@kpocmining.com &/or visit our website
at https://www.kpocmining.com.
Cautionary Language Concerning Forward-Looking
Statements:
This press release contains "forward-looking statements"
within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical fact, including those with
respect to the Company's mission statement and growth strategy, are
"forward-looking statements." Although management believes that
such forward-looking statements are reasonable, it cannot guarantee
that such expectations are, or will be, correct. These
forward-looking statements involve a number of risks and
uncertainties, which could cause the Company's future results to
differ materially from those anticipated. Potential risks and
uncertainties include, among others, general economic conditions
and conditions affecting the industries in which the Company
operates; the uncertainty of regulatory requirements and approvals;
and the ability to obtain necessary financing on acceptable terms
or at all. Additional information regarding the factors that may
cause actual results to differ materially from these
forward-looking statements is available in the Company's filings
with the SEC. The Company assumes no obligation to update any of
the information contained or referenced in this press
release.
CONTACT: admin@kpocmining.com 201-870-4291
Kimberly Parry Organics (CE) (USOTC:KPOC)
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