Sunday, November 15, 2009
Umining Resources in progress
Dear shareholders,
Since June 2009, I have voluntarily decided to decrease my interventions on my blog. The reason for this is related to the fact that on some Hubs some individuals are, for unknown reasons, using an anonymous identity to spread false rumors about me, putting in doubt my credibility and work ethic for creating value for the Umining shareholders.
When I took the lead and control of the company, the stock was at $0.002; today it's around $0.015, giving it more then a 700% growth. We are definitely on the right path to give back all the credibility to UM and to complete the acquisition of gold properties.
I would now like to clarify some facts about UM for all of you that are interested in the growth of UM.
Let me start by confirming that I am the sole and only majority shareholders.
Furthermore, about the management team that we have set up, I have surrounded myself with a team of high level professionals and consultants. They are working hard at analyzing and negotiating future acquisitions of exploitation permits and licensing of gold properties in Africa. Because of the bad press being published on some forums about UM, we have decided, in order to respect their private life and professional statute, not to release their identities; as this summer, we were the victims of two identity thefts on facebook and I personally was also a victim. Some people tried to associate me with some bad individuals when I have absolutely no actual partnership or liaison of any kind with them. Until all this is resolved, we will leave our team in the shadow and focus on developing the company.
We have published our financial statements for the last three years as well as for the last three trimesters. We have now upgraded to the level of LIMITED INFORMATION on the market place of www.pinksheets.com. We have put in a lot of effort in bringing order in the financial books of the company. From now on we will publish our Financial statements on a three-month basis.
Finally, we are preparing a web site update on which you will find our 2010 business plan, projects in development, pictures and videos of our properties as well as the financial statements. We will also create an official forum on Umining so that anyone interested in our company can ask questions. We wish to furnish our shareholders with an alternative to freely discuss their company in order to counterbalance the garbage forums on Internet. We are presently looking to name someone as a full time Relation Investor who will rapidly answer all e-mails and telephone calls. The communication volume has grown considerably in the past year and we have been unable to answer everyone in a reasonable length of time. We are particularly proud of the interest shown by the community toward our company, we regularly receive CVs from people interested in working for us, financial offers and private placements, offers of partnership, joint ventures and acquisitions.
We thank all our shareholders for the support and interest shown in the development of Umining. In the near future, we will be able to announce an important partnership in a gold exploitation operation. As soon as the negotiations are completed, a press release will go out on the press line.
Truly yours,
Rejean Morin
President
Umining Resources inc.
1 866 235 0302
info@umining.com
