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MINERIA Y EXPL OLYMPIA (MYXY)

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Last Post: 12/2/2015 8:33:59 PM - Followers: 1 - Board type: Free - Posts Today: 0

We were incorporated in the State of Nevada on August 22, 2012. We are a start-up, pre-exploration stage company engaged in the search for gold and related minerals. We do not have any joint venture partners. At the present time we have only one wholly owned subsidiary by the name of Consorcio de Mineria Y Exploraciones Olympia, SR incorporated in the Dominican Republic on August 15, 2012. We have no mining operations and have no revenues. We have incurred losses since inception and must raise additional capital to fund our operations. There is no assurance we will be able to raise this capital. --- Our sole asset is a 100% interest in the Olympia Gold Claim (“Olympia”) located in the Dominican Republic. We acquired the Olympia claim for the sum of $13,000 from the Ministry of Mines in the Dominican Republic. We own no property other than the Olympia. As of the date of this Prospectus, we have conducted exploration work under Phase I on the Olympia. We engaged Hilario Sosa, a Geological Consultant, to explore and summarize the exploration potential of the Olympia and to make recommendations. Under this report, Mr. Sosa recommended undertaking Phase II of our exploration program consisting of soil geochemistry and diamond drilling of locations identified as having some value as shown during Phase I. The cost for Phase II is estimated at $65,752. We will have to raise funds to pay for the Phase II since at present we do not have sufficient funds to complete it as outlined by Mr Sosa. There is no assurance that a commercially viable mineral deposit or reserve exists at our mineral claim or may exist until sufficient and appropriate exploration is completed and a comprehensive evaluation of such work concludes economic and legal feasibility. Such work could take many years of exploration and would require expenditure of a substantial amount of capital, capital which we do not currently have and may never be able to raise. --- Our administrative office is located at Calle San Pablo, No. 8 Bo, Buenos Aires, Municipio Monsenor Novel, Dominican Republic. Our telephone number is 809-223-2353.Close Read more: http://www.nasdaq.com/markets/ipos/company/mineria-y-exploraciones-olympia-inc-913654-73267#ixzz3t70h9aeP
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MYXY News: Current Report Filing (8-k) 12/02/2015 06:18:05 AM
MYXY News: Current Report Filing (8-k) 12/01/2015 06:06:15 AM
MYXY News: Current Report Filing (8-k) 10/23/2015 12:39:37 PM
MYXY News: Quarterly Report (10-q) 10/01/2015 02:01:51 PM
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#2   MYXY was changed to XLIT, join us at philwil 12/02/15 08:33:59 PM
#1   MYXY how high will they try to wash protagonist12 12/01/15 05:51:11 PM
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