PMDP .0003 now thats a pr.lol
Plateau Mineral Development, Inc. to Acquire BEEMA-Pakistan AddingCurrent Revenues of $460,000,000 and Projected Revenues of 2.3Billion and Providing International Surety for All DeliveryDestinations
Feb 11, 2011 08:30:26 (ET)
NEW YORK, NY, Feb 11, 2011 (MARKETWIRE via COMTEX) -- Plateau Mineral Development, Inc. ("Plateau Metals") (pinksheets:PMDP) announced it executed a Letter of Intent to acquire BEEMA for approximately USD$58,000,000 via a secondary stock offering.
To satisfy international regulatory requirements, the Company has obtained a financial guarantee for the full amount of the secondary offering with funds secured and verified with Deutsche Bank.
Management believes the transaction will create the largest precious metals transshipment, refining, and surety operation in the world.
The acquisition adds current revenues of approximately $460,000,000 and projected revenues of $2.3 Billion with $58.4 Million in current Assets.
BEEMEA will provide the Company's surety services and operations for all international final sale-delivery transactions across all time-zones.
The acquisition calls for the creation of new BEEMA capital stock and resale across multiple markets. The Company will not issue Common Stock to acquire BEEMA but will create a new designation of Preferred Stock as pari-passu consideration for the acquisition. Current shareholders are expected to enjoy significant equity appreciation through this structure transaction.
The acquisition is subject to international regulatory approvals which the Company believes will be timely granted without objection or comment.
The Company will publish pro-forma financials representing the combined entities.
The Company is completing its main disclosures and financial statements and will file these immediately subsequent to the consolidation of the company's new incoming operations. The Company expects this to occur within 7 business days.
The Company intends to complete its USA-compliant financial audits and register its securities with the US Securities and Exchange Commission.
The Company will release certain revenue projections in the days to follow.
About Plateau
Plateau Metals provides precious metal shipping, access to production, transaction underwriting, and related services. Plateau operates across the world through its agents and offers service to multiple jurisdictions. Plateau offers complete solutions to buyers and sellers of precious metals that include storage, shipping, and transaction underwriting and arbitrage.
Plateau also acquires, develops, integrates and operates strategically aligned precious metal assets in worldwide markets where expansion is planned through additional investments to support organic growth; thereby providing significant revenue, and equity growth.
The company's operations are distributed across multiple international time zones with executives and agents located in client-appropriate locales. The company's website is www.plateaumetals.com .
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