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Friday, November 03, 2017 2:22:27 PM
PLACERVILLE, CA, Oct. 30, 2017 /PRNewswire/ - iMD Companies, Inc. (OTC: ICBU) Board of Directors announced today that the company's subsidiary KRSNA Minerals has finished its third quarter financial statements from India. The company expects to file its financials with OTC Markets this week.
KRSNA Minerals received additional purchase orders from the Hong Kong based company for 5,000 Metric Tons of Magnesia Chrome Powder and 40,000 Metric Tons of Iron Ore increasing the purchase order to approximately 70 million dollars. Due to the additional orders, the contract had to be extended to two years for delivery. The first 10,000 metric tons of Chrome Powder from the original order has been mined and was shipped to the Hong Kong based company for the third quarter.
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