Thursday, March 05, 2015 10:12:54 AM
Same as the old scam?
http://www.greenminesolutions.com/
QED Connect Inc. to Merge with Green M&A Solutions
Mar 05, 2015 (ACCESSWIRE via COMTEX) -- MANCHESTER, NH / ACCESSWIRE / March 5, 2015 / Management of QED Connect Inc. (PINKSHEETS:QEDN) today announced that QED's entry into a Memorandum of Understanding (MOU) to acquire the shares of Green M&A Solutions, a private US company that has 100% ownership of Green Mine Solutions ("GMS"), a Colombian company with active gold mining operations.
GMS has an interest in the La Palmichala property, located in the municipality of Remedios, in the Nordeste subregion of the Antioquía Department, Colombia. The region of the property is on the El Silencio geological formation which is one of the richest formations in Colombia. The NI 43-101 report on La Palmichala property showed over 40,000 ounces of gold of indicated resources (based on a combination of direct measurements and reasonable geologic assumptions) in the tunnel and 274,000 ounces of gold of inferred resources (educated guess regarding the mineral reserves relying on seismic data and an understanding of the geology of the area in question). The operation is currently generating approximately $3 million per year in revenue.
Green Mine Solutions is also very active in the areas surrounding the mine, helping farmers to grow Sacha Inchi. Sacha Inchi is a product that is very rich in Omega 3 and is the primary crop in Colombia presently used for the substitution of illegal crops, such as the coca plant. Sacha Inchi has 48% of Omega 3, while fish oil has 30% and can be contaminated with mercury. This project will benefit not only the community but it also brings another source of revenue to Green Mine Solutions and to Green M&A Solutions.
Ms. Kate Bahnsen, Green M&S Solutions CEO, commented, "Green M&S Solutions is the process of expanding its operations through acquisition and increasing current production. By merging with QED, we stand to benefit from additional access to the financing that will accelerate the implementation of our plans. QED is well positioned to support us in this endeavor."
Mr. Tom Makmann, QED Connect CEO, stated, "The Company is very excited to be entering into the mining industry, particularly into an active mining operation with revenues. GMS offers us a unique position with their Colombian operations and regional network and expertise. In addition to mining, the agriculture project provides added opportunity for the Company in other areas. The merger provides QED with a current income and added potential as they implement their business strategy, which should result in increased shareholder value."
A definitive Share Purchase Agreement is expected to close within 30 days, subject to approval from the respective boards.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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