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People dumping shares out of their accounts as a worthless security is not retail trading. In fact, retail cannot buy a ticker on the Expert Market. MMs pick up these shares at $.000001 because it's their role in providing a market. There has not been a trade at $.0001 in a year and a half.
There is no new company. Saratu Philips left the building years ago. It's been a shell since.
I see pmdp starting do some volume lately I I’m hoping this time we heard something from the new company
You mean back a few months ago. Like in February. The last time this ticker was above $.0001 was in June. The last time it traded was 9/2 and that was to dump shares out of an account at a total loss of their investment.
Now that the new rule is in effect, there'll be even fewer trades, if any.
Caveat Emptor status doesn't help, either.
There's absolutely no reason to buy this ticker even if you could find a broker who let you.
well, noone expected the.move couple weeks ago, anything can happen
Meanwhile, the ticker sits at $.000001 on the Expert Market with a Caveat Emptor warning and OTC Markets is unable to contact anyone with the company. That's because Saratu Philips has abandoned the ticker. The only hope is for someone to apply for custodianship and that's not going to happen because of the facts outlined above.
No one not already in this is ever going to buy shares. No one since June has done so.
all these are just warnings, still possible that the company decides to change and start a mining company...good business, hopefully soon...
it happened before, nothing is impossible in vegas
In other words, I don't think so.
Expert Market
Dark or Defunct
Caveat Emptor
Unable to Contact
Warning! Unsolicited Quotes Only
Investors should be aware that no firm is making a market in this stock on OTC Link. All prices reflect unsolicited customer orders and investors may have a difficult time selling this stock. Click here for more info on Unsolicited Quotes.
Warning! This security is traded on the Expert Market
The Expert Market is a private market to serve broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. Restrictions can be based on issuer requirements, security attributes, investor accreditation and/or suitability risks.
OTC Markets Group Inc. ("OTC Markets") has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional caution and perform thorough due diligence before making an investment decision in that security.
The Caveat Emptor Designation may be assigned when OTC Markets becomes aware of one or more of the following:
Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. See OTC Markets Group's Policy on Stock Promotion.
Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion campaigns (including third-party), unusual or unexplained trading activity, spam or disruptive corporate actions even when adequate current information is available.
OTC Markets will resume the display of this security’s quotes once adequate current information is made available by the issuer pursuant to the Alternative Reporting Standard or by the SEC Reporting Standard, and until OTC Markets believes there is no longer a public interest concern. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
one day this will open 10 cents, the new company will be mining coins
40,000 shares dumped out of someone's account today at $.000001.
What's your friend saying these days?
best business ever
And if someone's in PMDP, they're in OTC Hell.
Just another dead OTC shell ticker.
Hey there anyone! What is the story on this?
Bravo Slojab,LMAO!
Nothing in the OTC is impossible. But anything to do with PMDP coming back to life is highly improbable.
With the deadline approaching for companies to get current with their filings, there's no one to do that with PMDP. It's been abandoned. And for someone to choose PMDP to either hijack, do a custodial agreement or R/M into it doesn't seem very likely.
Someone or some group tried to take advantage of the mania surrounding these dead tickers but wasn't very successful. And without some kind of story to give further reason to continue buying this ticker it won't be any more successful than what we saw on that pop to $.0006.
Btw, Saratu Philips was the last CEO here. I think he got eaten by cannibals in Guyana a few years ago while trying to install parking meters in the rainforest.
That's why OTC Markets has "unable to contact" on the company profile page.
https://www.otcmarkets.com/stock/PMDP/profile
PMDP stayed alive despite all, even after the death of previous CEO who was a crook. Someone is taking advantage of the ticker and soon tou will hear about a business plan, after filing with the SEC, PMDP will open at 0.01.
If someone says this is impossible, plz have him/her explain why
Accumulation? Or profit taking after a failed pump of a worthless shell before it retreats back to $.0001 where it belongs.
Accumulation should result in the sp going higher, not lower.
accumulation volume, a little everyday
Ha ha very interesting!
no no, he is not pumping the ticker, that day when the stock went to zero again, he told me, watch it will be back up before the close and it did, didnt believe him first but he was right, it is like he really believes in it
Who is "they"?
So far, all I'm hearing is some nebulous nonsense from "someone" who wants us to believe they have the inside scoop on a ticker that's been dead for a decade and trading on the grey market for 8 of those ten years.
I'm sorry, but your friend will have to do better than that if he/she wants to pump this ticker out of the trips.
my friend said that trading will be restored once they comply with the SEC by presenting a business plan...he said, tell that idiot not to be jealous then
Your friend is an an idiot.
PMDP is a dead shell ticker that was sent to the greys when the SEC suspended it in 2015. There's not enough interest in it to attract the necessary number of traders to it to get it out of the trips much less to $.10.
Ha ha mass psychosis! But ...everything is possible in the share trading world??
My friend is waiting for 0.1 to dump, he says it is coming
Have been waiting 10 years to dump my millions with 400% profit...
Well, there is always a pump before dump...
Not...its only dump...
Hello PMDP...used to be called pump and dump lol
125 million volume and it moved 0%, lol??
Count to ten! LoL
Volume is small but one thing for sure, it is alive but two question: how and for how long !!!
Anything goes in grey land
Nothing about it makes sense to me. But then, they weren't my shares that got sold/dumped.
Cuz I don't own any.
Is that what it was? A "seq" trade? Still doesn't make any sense. Those trades would have had to been from over two weeks ago.
That makes no sense. It could only go to $.000001 if someone requested their broker to dump a worthless ticker out of their account. Or maybe if they put it in as a market order. But "expert market" or not, PMDP has been actively trading above $.0001 for two weeks now. And a phoned in order to dump shares out of an account shouldn't have been taken, given the trading.
I've also seen it said on another board. Odd that it goes against the public notice they put out not too long ago. And on that same board, it was said E-Trade wouldn't allow them to.
It's a mixed up OTC world.
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Plateau Mineral Development, Inc. PMDP
Transfer Agent | Legal Counsel | Investor Relations |
Old Monmouth Stock Transfer Co., Inc | 2234 N. Federal Highway Boca Raton, FL, 33487 United States | |
200 Memorial Parkway | | |
Atlantic Highlands, NJ 07716 | | |
1-732-872-2727 | | |
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 .
1
Highlites of Initial Disclosure Statement PMDP.PK As of December 31, 2010
PLATEAU MINERAL DEVELOPMENT INC.
I. The exact name of new issuer
Plateau Mineral Development, Inc
.Previous Names and Dates of Name Changes:
Aug. 2008: American Food Holdings, Inc. to Plateau Mineral Development, Inc.
Apr. 2007: Du Fox Holding Corp. to American Food Holdings, Inc.
Dec. 2006: CRP Holding Corp. to Du Fox Holding Corp.
Nov. 1997: Boca Raton Capital Corporation to CRP Holding Corp.
Sep. 1989: Mariner Corporation to Boca Raton Capital Corporation
Jan. 1988: U.S. Tech, Inc. to Mariner Corporation
Jan. 1987: Originally incorporated as U.S. Tech, Inc.
II. The principal executive office of the issuer:
81 Oxford St
London W1D 2EU
United Kingdom
TEL: 1.917.463.3364
FAX: 44 (0) 208 338 0655
The Company's web site is:
www.plateaumetals.comIII. The jurisdictions and date of issuer's incorporation or organization:
The issuer is a Florida corporation, incorporated on January 27, 1987
VI. The exact title class and description of securities outstanding, number of shares and the total amount
outstanding for each class of securities authorized:
Common Stock
- CUSIP number 727634107 , Symbol "PMDP"Voting common stock
as of 31 DEC 2010 15,000,000,000 shares authorized
with 4,813,891,002 shares issued and outstanding.
;Preferred Stock
:Series A voting preferred stock; 5,000,000,000 shares authorized; 5,000,000 shares issued and outstanding
VIII. The nature of the company's business:
On the 14
with the Plateau Mineral's 2011 Business Plan. All current and unprofitable natural gas operations or opportunities
were divested. In their place the company acquired or is acquiring various precious metal production, shipping,
surety, and arbitrage operations.
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
th of December, the Company announced a new Board and Executive team will be announced, togetherwww.plateaumetals.com .3
The Company's new operations consist of the following key components:
- Precious metal international shipping and arbitrage
- Risk surety services for trans-shipping and precious metals exchange and arbitrage
- Acquisition and development of precious metal production properties
- Online international marketplace operations for direct purchase, sale, ownership and storage of smaller quantity
precious metals
Prior to this December 14
development and production. The Company had acquired the right to receive a fractional interest in the income from
an oil and gas pipeline to be built in Morgan County, Tennessee (in the Wartburg Basin formation) by Plateau
Mineral Development, LLC and PMD Pipeline, LP. This pipeline had not yet begun producing revenue and was
divested.
1. The Company is a corporation incorporated in Florida.
2. The Company was incorporated in 1987.
3. The Company's fiscal year-end date is December 31.
4. The Company is not nor has been in bankruptcy, receivership or any similar proceeding.
5. The Company changed its operations on 14 December 2010 and now operates under a new
business plan. From late July 2008 to the 14
oil and gas development and production From April 2007 to July 2008, the Company was in
the business of beef jerky production, but those operations were terminated in July 2008.
6. The Company is not currently in default on the terms of any note, loan, lease, or other
indebtedness or financing arrangement requiring the issuer to make payments.
7. The Company experienced a change of control in December 2010 as part of its new business
plan and new planned operations. A new Board was appointed. No other form of control
change occurred. Effective December 13, 2010, the preferred stock holder and former
Director with majority voting control, effected a change in the Board of Directors with the
intent of implementing a revised Business Plan. In July 2008, the Company changed control
to its current management pursuant to a stock purchase agreement.
8. In 2010 there was no increase of 10% or more of the same class of outstanding security. On or
about August 28, 2008, the Company issued a total of 1,000,000,000 common shares to Joe
V. Overcash for control shares. On or about December 2, 2008 the Company issued
320,000,000 common shares to Robert Matthews for control shares.
9. There is no pending, or anticipated stock split, stock dividend, recapitalization, merger,
acquisition, spin-of, or re-organization expect the completion of acquiring the company's new
metals-based operations as part of its revised business plan. Prior events are as follows:
On or about April 23, 2007, the Company performed a 1 for 10 reverse stock split.
On or about August 28, 2007, the Company performed a 1 for 20 reverse stock split.
On or about March 26, 2008, the Company performed a 1 for 100 reverse stock split.
On or about April 12, 2007, the Company entered into an Agreement and Plan of
Reorganization by which it acquired American Food Co., Inc. (a producer of beef jerky
products) in a reverse merger transaction.
On or about September 15, 2008, the Company changed its name to Plateau Mineral
Development Inc.
th, 2010 announcement, the Company's primary activities included oil and gasth of December, 2010 the company was perusing4
10. There has been no delisting of the issuer's securities by any securities exchange or deletion
from the OTC Bulletin Board
11. There is no current, past, pending or threatened legal proceedings or administrative actions
either by or against the issuer that could have a material effect on the issuer's business,
financial condition, or operations and any current, past or pending trading suspensions by a
securities regulator.
(B) Business of Issuer. Describe the Issuer's business so a potential investor can clearly
understand it. Please also include, to the extent material to an understanding of the Issuer, the
following specific items
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
1.
www.plateaumetals.com .The Issuer's primary and secondary SIC Codes;Primary: 1381 - Investment in oil and gas wells and properties
Secondary: 3590 - Industrial
2. If the Issuer has never conducted operations, is it in the development stage or is currently
conducting operations;
The Company is in the development stage.
3. If the Issuer is considered a "shell company" pursuant to SEC Rule 405 of the Securities
Act of 1933;
The Issuer is not now, or has ever been, a "shell company" pursuant to SEC Rule 405 of the
Securities Act of 1933.
4. State the names of any parent, subsidiary, or affiliate of the Issuer, and describe its business purpose, its
method of operation, its ownership, and whether it is included in the financial statements attached to this
disclosure;
None.
5. The effect of existing or probable governmental regulations on the business;
None anticipated.
6. An estimate of the amount spent during each of the last two fiscal years on research and development
activities, and, if applicable, the extent to which the cost of such activities are borne directly by customers;
The Company has spent an estimated $35,000 on oil and gas research and development over the last two fiscal years
7. Cost and effects of compliance with environmental laws (federal, state and local)
The Issuer is not producing any products that are hazardous to the environment and does not foresee any changes
that could adversely affect the environment. The Issuer is not subject to compliance with any federal, state or local
laws.
8. Number of total employees and the number of full time employees;
5
The Issuer currently has 10 full-time employees, 3 part time employees 5 Distributor/Agents.
XI.
MANAGEMENT STRUCTURE AND FINANCIAL INFORMATIONOfficer and Directors:
6
Name: Mark Appleton, Chairman
Employment History:
precious metals, and ore shipping industry. 2000-2011 acted as owner and direct of Apple Ore Consulting, a private
international consulting group.
10 plus years experience in as a private consultant and operations director for the mining,Responsibilities: Corporate Supervision
Business Address: 78 York Street, London, W1H 1DP, United Kingdom
Name: Brian Burley, Director
Employment History:
National Bank, Sheffield Financial and Woodforest National Bank. 1986-1988 Served in the US Army, Honorably
Discharged, Rank E4.
20 plus years experience in Financial Management with such companies as First UnionResponsibilities: Corporate Supervision
Business Address: 78 York Street, London, W1H 1DP, United Kingdom
Name: Anthony Welch, Interim Director
Business Address: 78 York Street, London, W1H 1DP, United Kingdom
Employment History: Served as acting Chairman and CEO of Chromocure, Inc since from 2007 to 2009.
In May 2004, Mr. Welch served as Director for Encore Energy Systems, as company in the business of
providing energy conservation solutions. In March 2004, Mr. Welch served as Chairman of Modern
Technology Corp, a company in the business of acquiring specialized assets and technology. Mr Welch
provides executive support and business development services to various companies and clients and may
serve as either a Director, Consultant or both to public or privates companies from time to time.
Responsibilities: Corporate Supervision
Common Shares Percentage (%)
Mark Appleton, 0%
Brian Burley, 0%
Anthony Welch, 0%
Preferred Shares Percentage (%)
Mark Appleton, 0%
Brian Burley, 0%
Anthony Welch, 0%
As of December 31 2010, Mr. Appleton, Mr. Burley, and Mr. Welch have no compensation agreements with the
Company.
B. Legal/Disciplinary History
: None.C. Disclosure of Family Relationships
: NONE.D. Disclosure of Related Party Transactions:
NONEE. Disclosure of Conflicts of Interest: NONE
XII. FINANCIAL INFORMATION FOR THE ISSUERS MOST RECENT FISCAL PERIOD
7
The financial statements for the two years ending 31 DEC 2010 have been separately filed with the OTC Disclosure
Service and are hereby incorporated by reference.
XVII. List of the securities offerings and shares issued for services in the last two years:
NONE
XXI. Issuer's Certifications:
I
1. I have reviewed this initial disclosure statement of Better Energy Concepts Corporation.;
, Mark Appleton, President and Director, certify that:9
2. Based on my knowledge, this disclosure statement does not contain any untrue statement of material fact or omit
to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this disclosure statement; and
3. Based on my knowledge, the financial statements, and other financial information included or incorporated by
reference in this disclosure statement, fairly present in all material respects the financial condition, results of
operations, and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.
MARCH 3, 2011
Mark Appleton, Chairman
/s/ Mark AppletonReporting Status | Alternative Reporting Standard |
Audited Financials | Not Available |
Latest Report | Mar 09, 2011 Initial Company Information and Disclosure Statement |
Regulatory Agency | Not Available |
CIK | 0000811220 |
Fiscal Year End | 12/31 |
OTC Market Tier | OTC Pink Current |
SIC - Industry Classification | 1040 - Gold and Silver Ores |
Business Status | Development Stage Company a/o Oct 22, 2008 |
Incorporated In: | FL, USA |
Year of Inc. | 1987 |
Employees | 15 a/o Jan 05, 2011 |
Mark Appleton | Chairman |
Anthony Welch | Dir. |
Market Value1 | $2,158,778 | a/o Apr 19, 2011 |
Shares Outstanding | 10,793,891,002 | a/o Mar 03, 2011 |
Float | 507,685,553 | a/o Mar 03, 2011 |
Authorized Shares | 15,000,000,000 | a/o Mar 03, 2011 |
Par Value | 0.0001 |
Shareholders of Record | 700 | a/o Mar 03, 2011 |
Annual report 2010 http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45541
Recent PMDP News: For a complete list of recent news, go to; http://www.otcmarkets.com/stock/PMDP/news
NEW YORK, NY, Feb 15, 2011 (MARKETWIRE via COMTEX) -- Plateau Mineral Development, Inc ("Plateau Metals"). (PINKSHEETS: PMDP) announced it secured purchase and origin shipping financial guarantees for $20,000,000. This amount is expected to fully insure and underwrite the Company's monthly gold-dust purchase and origination shipping contract previously announced. This financial surety and purchase underwriting instantly enables the company to begin performance on its purchase, shipping, and resale of bullion under its recently announced contract.
Approximately 1,000kg of unrefined gold-dust will be purchased per month and shipped to the Company's refinery partners in the USA. The final pure-gold product will then be shipped to its purchaser. The company has negotiated favorable and profitable final-sale pricing on the bullion. Destination shipping surety will be provided by the Company's incoming insurance operations, BEEMA.
The original agreement called for $25,000,000 per annum. The Company's opportunity under this contract has expanded. Updated revenue and profit projections, including insurance details on sales-shipping for the post-refine sale of bullion, will be released Thursday.
NEW YORK, NY, Mar 17, 2011 (MARKETWIRE via COMTEX) -- Plateau Mineral Development (PINKSHEETS: PMDP) "Plateau Metals," announced today it has been upgraded to the highest tier of public disclosure rating by OTC Markets to "Current Information" status. The Company's filings can be accessed by the public at: http://www.otcmarkets.com/stock/PMDP/financials
NEW YORK, NY, Mar 22, 2011 (MARKETWIRE via COMTEX) -- Plateau Mineral Development (PINKSHEETS: PMDP) "Plateau Metals," announced today it has opened a new purchase, shipping, and delivery route originating from South Africa.
The new source for gold dust and other precious metals will provide origination from South Africa. From there the Company will ship to the USA for refining with final delivery and resale terminating in Europe.
The Company expects to complete final sales, surety, and shipping agreements by 29 March 2011. At which time, revenue projections will be revised upward accordingly.
The Company's value-added service of purchase, refining, and transaction underwriting, provide end-to-end fully insured deliverables for precious metals. The Company consolidated operations and in-house surety and insurance services allow for simpler transaction structuring and higher margins for all parties.
NEW YORK, NY, Mar 29, 2011 (MARKETWIRE via COMTEX) -- Plateau Mineral Development "Plateau Metals" (PINKSHEETS: PMDP) announced today its live gold and silver trading platform as part of its 2011 business plan roll-out. The company's trading platform is part of its previously published business operational plans.
The new electronic market will allow small and large precious metal traders to purchase and store silver and gold bullion using an online secure interface. The Company has combined various 'white label' agreements with market trading service providers, banks, and bullion storage providers. The Company will achieve further cost and operational efficiencies through offering metal in its direct possession or in transit across its multiple transship/refining routes.
The Company will leverage its preferred pricing on metal acquisition to offer customers worldwide with savings, superior delivery, and storage options. Because all transactions and metals are fully insured and underwritten by the company's surety operations, customers are assured of superior pricing, delivery, bullion delivery, and audit guarantees.
The trading platform is scheduled to open, worldwide, on April 30, 2011.
The Company will soon announce a private-label trading-partner program allowing both industry and financial partners to leverage the Company's infrastructure and offer a trading platform under their own brand to their customers. This planned program is part of the Company's international expansion plans through relationship with industry and financial institutions.
NEW YORK, May 5, 2011 (PRNewswire via COMTEX) -- Plateau Mineral Development, Inc. ("Plateau Metals") (PINKSHEETS: PMDP) announced today that it welcomes the addition of Auric Mining Company ("Auric", AUMY:PK) to the Homestead Gold and Silver Corp. Joint Venture for the development of the St. Kevin Mine located near Leadville, Colorado.
Plateau Metals had recently announced the signing of a Joint Venture Commitment Agreement with Homestead Tonopah Gold LLC to develop the St. Kevin Mine property; and the addition of Auric Mining Company strengthens the team and resources available to successfully complete an ambitious 2 year drilling program that is intended to extend the proven gold and silver reserves on the property by as much as ten times which would value the resource at approximately $1 billion based on current prices for the precious metals.
Auric Mining recently announced the signing of a Letter of Intent (LOI) regarding the acquisition of Homestead Tonopah Gold LLC with the intent of partnering with Homestead and Plateau on the St. Kevin Mine development. The combination of Homestead, Auric and Plateau will provide the necessary expertise, financing, facilities, equipment, technology, and resources that are required by the size and scale of the St. Kevin mine project. The companies are also currently exploring additional opportunities.
The St. Kevin Mine is registered under the claim name St. Kevin, claim number 3364 and covers 10.33 net acres. It was discovered in 1883 and is located approximately 7 miles northwest of Leadville, Colorado and 3346 meters above sea level. The site was initially operated continuously for 10 years and several times after that period.
The Company expects to make further details available regarding the Joint Venture and drilling program as the schedules and timetables are finalized.
NEW YORK, June 17, 2011 (PRNewswire via COMTEX) -- Plateau Mineral Development, Inc. ("Plateau Metals"). (Pink Sheets: PMDP) announced today it has executed a Letter of Intent (LOI) to fully acquire the Little Prince Mine Property from Homestead Colorado Gold Corp., a subsidiary of Homestead Gold and Silver Corp.
The acquisition, which is anticipated to close within thirty (30) days, will coincide with a complete change of operational focus and replacement of all current officers and directors; and represent the second major Agreement in the Mining Sector. The Company will focus entirely on precious metal mining and production. All prior operations will be sold or discontinued. Updated corporate financials and related filings will be posted concurrently with execution of definitive agreements for the acquisition.
The Little Prince Mine, originally part of the Standard Metals Group of mines, is situated on the north western slope of Breece Hill, Leadville, located in the extremely rich silver belt in Colorado. Past production results and historical data indicate the mine can be expected to produce between .005 - .27 per ounce of gold per ton, and from 1.8 to 14.7 per ounce of silver per ton, making it very attractive economically based on current prices of the metals.
Based on planned mining and exploration programs, the Little Prince Mine is anticipated to produce up to 1 million ounces of gold, 50 million ounces of silver, together with bismuth, a strategic rare mineral; totalling more than $3 billion of potential production.
The Company expects to make further announcements relating to the redeployment of operations and assets to the Mining Sector, together with progress on its mining acquisitions and joint venture development projects.
The Company had recently announced the signing of a Joint Venture Commitment Agreement with Homestead Tonopah Gold LLC to develop the St. Kevin Mine property; and the addition of Auric Mining Company to strengthen the team and resources available to successfully complete an ambitious 2 year drilling program that is intended to extend the proven gold and silver reserves on the property by as much as ten times, which would value the resource at approximately $1 billion based on current prices for the precious metals.
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