May 21, 2007 - 7:31 AM EDT
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Today 5d 1m 3m 1y 5y 10y
James Monroe Capital Corp. Recaps Recent Exciting Events!
James Monroe Capital Corp. (Pink Sheets: JMCP) President, Frank Love is very excited to recap recent developments. Frank Love states, “In recent press releases, I discussed $270 million worth of oil sludge in Bashkorstan, Russia; an oil field with 48 million barrels of oil reserves (with today’s price range of $50-$60 a barrel) in the Samara region of the Russian Federation; hundreds of thousands of Stripper Wells available in North America; the acquisition of Wales Holding Corp. (Wales Gold Mining), the Ghanaian-based Gold Company with properties in the Ashanti belt region; the formation of the James Monroe Capital Royalty Trust and finally, the joint venture with Strat Petroleum.”
Frank Love announces:
The $270 million worth of Sludge oil in Bashkorstan, Russia (Deal Signed!)
The partnership formed to go after the 48 million barrels in reserves in the Samara region of Russia (Deal Signed!)
The partnership formed to go after 100s of Stripper Wells in North America (Deal Signed!)
The acquisition of Wales Holding Corp., parent company to Wales Gold Mining (Deal Signed!)
The joint venture with Strat Petroleum (Deal Signed!)
Frank Love further states, “If that isn’t a Grand Slam, I don’t know what one is!”
Frank Love goes onto say, “The June 1, 2007 date of record will allow us to capture those wanting to participate in all of these (Deals Signed!). Also, I want to remind everyone wishing to participate in the Royalty Trust that some brokers are not currently allowing open purchase orders of JMCP common shares. This leads us to believe there is a short position on this stock and therefore, maintaining control of your positions is of the utmost importance during this time. James Monroe Capital Corp. is on the move!”
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.
For James Monroe Capital Corp.:
Harold Engel, 254-458-0473
info@chinookinvestmentgroup.com
Source: Business Wire (May 21, 2007 - 7:31 AM EDT)
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