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Abot Mining Co.
12 hours ago

Irvine, CA, May 15, 2014 (GLOBE NEWSWIRE) -- ABOT Mining (Pink Sheets: ABOT.pk) is pleased to announce that it has entered into a binding production and processing agreement ("Processing Agreement") with Minera Manos Del Rey. S.A. DE C.V. ("Operator"), a Mexican corporation with offices at Municipo de Toliman, El Rodeo, Jalisco, Mexico, CP 49750.

ABOT Mining has agreed to provide start-up funding and supply of ore for the processing on the terms and conditions set in the Processing Agreement. The Operator has agreed to make necessary arrangements for processing, marketing and sale of the concentrate that will be extracted from the ore.

ABOT Mining plans to divert and consolidate all its Mexican resources to this Processing Unit including access to ores and tailings that have been previously announced. Commissioning and retrofitting of the Processing Unit and execution of the production plan is expected to commence before the rainy season of Nayarit, Mexico which is usually between June and October.