El Capitan Precious Metals Inc (ECPN)

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ECPN Forms a Technology Subsidiary
Business Wire El Capitan Precious Metals, Inc. Oct 11, 2011 2:09 PM
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- El Capitan Precious Metals, Inc. (OTCBB:ECPN.ob - News) today announces the creation of a wholly owned subsidiary named ECPN Technologies, Inc.

The purpose of this subsidiary is to segregate assets for the benefits of the existing shareholders. The assets will include, but not be limited to, patent interests in new recovery technology, additional mineral claims and potential royalties which may be earned as a result of a transaction on the approximately 2000 acre site.

The Company is in the process of preparing the approximately 2000 acres for market. An estimated 250 acres of the site has been verified to have at least 141 million tons of measured resources and is owned 100% by El Capitan Precious Metals, Inc.