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Thursday, June 16, 2016 11:48:41 AM
"On December 30, 2015, the board of directors agreed to sale its seventy-five (75%)percent stake in Millennium Mining LLC
of Sierra Leone. The company has not had operations in Sierra Leone in almost two years due to the Ebola outbreak. The company agreed to sale its stake back to Millennium Mining LLC for a payment of $10,000 (ten thousand dollars)USD. Millennium Mining
LLC will no longer be subsidiary of Dolat Ventures Inc."
Why do you think that they only received $10,000? Because all of the mining assets and liabilities went with Millennium Mining LLC when they divested themselves of this subsidiary. That is where all of the liabilities went. The company was an exploratory mining company and since they got out of the mining business, there was only a shell called Dolat Ventures, Inc. left. No assets, no liabilities, no nothing, except $10,000!!!!!!!!!!!!!!!!!!
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