![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, November 24, 2008 12:45:54 AM
Pink OTC Markets News Service
Beijing, China—
BEIJING, Nov. 24, 2008 - Mon Arc Corporation www.monacorporation.com (MonArc) PINKSHEETS: MONA.PK MonArc management is pleased to announce the closing of the merger with Andrea Gold SA. Andrea SA and its advisors Advisory Corp, announced
This project is not only an exploration opportunity, but a project in current production with the first full week's 24hr production producing in excess of 3 kg or 100 ounces of traditional Inca Gold and 1 kg of Silver. This is a spectacular result given production only began in August of this year, and is only processing about 50 tons per day.
All ore currently being processed at Andrea Gold SA production facility is averaging 12 grams per ton, this is extremely rare in the mining industry to be processing grades as high as this, along with the low wage environment, and modern, latest technology mill and floatation plant, continues to make this plant one of the most profitable operations any where in the world.
Key staff of Andrea SA are Mr.Alex Diaz, himself a US trained geologist and his partner Mr.Pablo Rodriguez a qualified metallurgist.
In other corporate news, the company intends to file on Pink Sheets The financial details of this transaction which includes cash and stock of about 2.5 million dollars. The transaction will see both Mr Mr.Alex Diaz, and Mr.Pablo Rodriguez become majority shareholders with a controlling interest in MonArc. Andrea SA intends to launch its corporate web site shortly.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM