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*****PR Release******
Tao Minerals Receives First Payment From $1,000,000 Financing
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it has received the first tranche of US$125,000 from the newly completed $1,000,000 financing announced on April 10, 2008. An additional tranche of $500,000 will follow soon, with the remaining $375,000 to be delivered in approximately 3 months. The receipt of the initial tranche and the imminent arrival of the others mark the first of a number of steps which will enable the company to quickly move forward to achieve its near and mid-term development goals.
In the interest of updating shareholders and potential investors, Tao is in the process of compiling, in detail, information on the company's operational status with a special focus on its plans for the upgrading of the El Colmillo mine and mill facilities. This information will appear in upcoming announcements, the first of which will be released within 10 days.
About Tao Minerals, LTD
"Tao Minerals (OTCBB: TAOL) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2008 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golandrina property and finance additional acquisitions, while greatly enhancing shareholder value."
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of a majority interest in two properties located in Narino Department, Southwest Colombia. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time to time with the Securities and Exchange Commission.
Contact:
Shawn Van Damme
Tao Minerals
Investor Relations
1-877-512-1120
Svd@Taomining.com
www.Taomining.com
Source: Marketwire (April 24, 2008 - 10:20 AM EDT)
News by QuoteMedia
www.quotemedia.com
my guess without talking to both shawn & mark is shawn will handle day to day calls and Mark cohen will handle large investment firms but that will need to be verfied through shawn and mark,
unless Sikora dumped cohen.
will call shawn today
OG
Shawn used to be with SeacoveIR that used to represent TAOL as the IR firm he no longer works with Jeremy and Seacove from what it seems and now works on his own.
Shawn is a cool guy. He never lead me on when i communicated with him in regards to TAOL.
not to sure how the whole Cohen and Shawn thing will work.
OG
Kalib did fantastic i thought he got screwed by the decision
how do i keep ending up with so many bags
crossing my legs
i want to see 2 more hughes fights
hughes vs serra
hughes vs kos
damn what's going on with his pig when is this going to bounce.
That would great do you think they'll let you take pictures
Og
lets stay green today and start a going uppppp
don't know if anyone knows this .... but do companies normally say who they have financing though???
There is a light at the end of the tunnel for us longs we still got several steps to go.
1. Terrance plummer should cut sikora a deal on equipment for El Colmillo
2. buy a drill for Golondrina
3. Possibly finish buying cahmilia
no f'n way we actually got some kind of financing ...... amazing
back to .10 last time it was low in the .06-.07 range it ran to .32 wonder if that'll happen again.
OG
same here i thought
about buying more but the website scared me f$do
HHmmmmmm......
i've been reading this board but not really posting everyone seems excited about a possible run we'll have to keep my eyes peeled and leave some money on the side just in case.
from what i understand they just forgot about the website and it never transferred i believe in ownership from seacove to ???? so it was just dropped and we'll see if it is forgotten just like sikora has done to us TAOL investors
come on sikora layoff the columbian white gold and start getting some columbian yellow gold
OG
see this post regarding the website
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27888185
3 up days and the accum/dist line is going up could start getting interesting.
OG
i see 0 volume as well
great as soon as i get in it gos down
abby,
just jumped in lets see what happens
i tried going to their website but it's down has it been down for a while??? looking at through a couple of hundred at this.
OG
hhahahahhaha that's a great sig TGTL
i wasn't shaken out but i was stirred. no point in selling for me
I agree with you the line is starting to move up
TAO website is offline what does that mean
has anyone called the IR guy in russia andre WTF does he have to say.
SIB, no need to thank me personally ..... your welcome, i hope you enjoy my money.....
OG
i get confused sometimes between taol & gxpi myself....lol
jimmy,
why don't we do an MMA top ten either across all weight classes or just a top ten period everyone gets a say in it.
OG
does any have access to see if those are buys or sells.
OG
why is the stock crashing hard this is looking tempting now?
i was about to mention the forward split but you beat me to it. i don't think it'll go lower than .04 but who knows.
co-worker of mine talked to Cohen and he said that supposedly Cohen met with Sikora last week (Thursday) and docs should have been signed by friday and to expect a string of PR's
everyone should confirm with Cohen
OG
TAOL isn't a pinkie it's OTC i think you have to have 10% and you become a major share holder but i don't know what type of access that'll give you.
willy's latest he shows 9.1mil shares now held looks like he added more.