King Resources, Inc. (KING) Argentina Mining Merger Candidate
19 Avril 2012 - 10:01PM
Marketwired
King Resources, Inc. (PINKSHEETS:KING)
(http://www.king-resources.com) is pleased to announce the
Argentina mining merger candidate. As a non reporting issuer and
this being a considerable and sizable event for KING, the company
management elected to release this news event after the markets has
closed. A summary of the mining deal is outlined in this news
release. The company has completed a full 7 page detailed filing on
OTC Markets. That filing can be viewed at
http://www.otcmarkets.com/financialReportViewer?symbol=KING&id=78816.
The mining company is domiciled in Argentina. In summary:
-- This is a Pegmatite deposits with the area of eighteen (18) hectares
under the name of "Tapias".
-- The mine is located 12 km in the East-Northeast direction from the town
of Villa Dolores (Cordoba), on the location called LAS TAPIAS
-- This is a mine complex, which consists of three (3) shafts, it was
established in 1946.
-- This is the main underground pit which is still used, and was primarily
made for the beryl excavation, but was later used for the excavation of
spodumene - "lithium mineral".
Confirmed Reserves
-- 9,012.10m2 x 16 m = 144,193.60 m3 x 2.6 = 374,903.36 Tons
Possible Reserves
-- 9,012.10m2 x 16 m = 144,193.60 m3 x 2.6 = 374,903.36 Tons
In other company news a temporary web site in anticipation of
the merger (web site under construction) is located at
www.minamar.rs/MinasLasTapias for our followers review. KING
management reminds its followers to review this video
www.minamargroup.com/stop-bash.php and
www.bit.ly/STOP-NAKED-SHORTS.
More details and updates may follow via news release.
About King Resources, Inc. (KING)
The company is a convergence of leading businesses that
capitalize on new green technology, creativity, reputation and
expertise to develop and exploit opportunities in real life,
consumer savings and environmental changes that improve the quality
of life and increases the profitability of the company at the
sometime.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of King
Resources, Inc., that constitutes forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. King Resources, Inc. cautions you that
any forward-looking information provided by or on behalf of King
Resources, Inc. is not a guarantee of future performance. None of
the information in this press release constitutes or is intended as
an offer to sell securities or investment advice of any kind. King
Resources, Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond King Resources,
Inc.'s control. In addition to those discussed in King Resources,
Inc.'s press releases, public filings, and statements by King
Resources, Inc.'s management, including, but not limited to, King
Resources, Inc.'s estimate of the sufficiency of its existing
capital resources, King Resources, Inc.'s ability to raise
additional capital to fund future operations, King Resources,
Inc.'s ability to repay its existing indebtedness, the
uncertainties involved in estimating market opportunities, and in
identifying contracts which match King Resources, Inc.'s capability
to be awarded contracts. All such forward-looking statements are
current only as of the date on which such statements were made.
King Resources, Inc. does not undertake any obligation to publicly
update any forward-looking statement.
Contacts: Investor Relations www.minamargroup.net/helpdesk
Investor Relations Department Inquiry www.minamargroup.com/updates
King Resources Inc.corporate@king-resources.com
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