AFTER HOURS PR, they knew :) :)
MONDAY ROCKS
JMCP Acquisition Inc. Completes Acquisition of Gold Company
KILLEEN, Texas--(BUSINESS WIRE)--Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, “This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases.”
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
AI
