JABI: News today!
JABI J.A.B. International Inc 01/23/2001 3-1 stk 02/02/2001 01/25/2001 02/01/2001
Due bills redeemable 2/6
Tuesday January 30, 11:32 am Eastern Time
Press Release
SOURCE: JAB International, Inc.
JAB Finalizes Funding Agreement
ORLANDO, Fla., Jan. 30 /PRNewswire/ -- JAB International, Inc. (OTC Bulletin Board: JABI - news) has just finalized a $12,000,000 debt funding after months of negotiations. JAB's Chairman & CEO, Jefferson Adams Bootes, was quoted as saying, ``We are very pleased with the terms of the funding and we're looking forward to moving the company in a positive direction.''
JAB has worldwide mining operations in the Central African Republic (CAR), Honduras, and Northern California.
JAB International, primarily owns and leases mines that yield gold and silica in the Sierra Nevada mountains of Northern California. JAB also mines diamonds and gold in the Central African Republic, and in southeastern Honduras. JAB has a 49,000 acre placer gold mine.
JAB International owns the Divine Intervention, Lower Brush Creek, Gardner's Point, High Commission, Pioneer, and Carson mines. Besides its gold deposits, the Gardner's Point mine holds some 32 million tons of reserves of silica sand valued at more than $1.4 billion. The company's leased mines include the Kate Hardy, Omega, Rising Sun, and Ruby mines.
Further details of the funding and related details of JAB's plans of operations will be forthcoming in the coming weeks.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in company documents furnished to investors.
SOURCE: JAB International, Inc.
