<<I don't know why he hasn't updated us, but I assume he has his reasons.>>
It's because the latest McKinney news isn't about ASPZ.
CHEYENNE, Wyo. and HONG KONG, Apr 26, 2010 -- Element92 Resources Corp. (OTCBB:ELRE) ("E92R") announced today that it has executed a sales & purchase agreement to acquire a majority interest in Legarleon Precious Metals, Ltd. (LPM). Legarleon is a Hong Kong company that owns a seat on The Chinese Gold & Silver Society Exchange based in Hong Kong.
The Exchange provides local and international investors with a gold market of continuity, liquidity and depth, in which they can exploit gold as a vehicle of investment, speculation, hedging and arbitrage. The Exchange dates back to 1910 when it began operations as the "Gold and Silver Exchange Company" and plays a vital role in Hong Kong's gold market.
E92R will pay 2 million restricted shares for a 51% stake. The closing is scheduled for June 30, 2010 and is subject to due diligence and approval by The Chinese Gold & Silver Society Exchange's Board. "This acquisition is an important step for us and will allow the company to forward sell gold production as well as trade in gold futures," said President Daniel Mckinney. "This deal will help us facilitate our goal of becoming a fully integrated gold producer."
About Legarleon: With a history of over 30 years of gold bullion trading, LPM serves clients in Hong Kong and greater China and recorded revenues of USD3.42 million and net profit of USD1.04 million for 2009. Their website is: http://www.legarleon.com which is currently being translated into English.
http://www.tradingmarkets.com/news/press-release/amhn_calb_calb_elre_otc-advisors-llc-huge-alert-on-otcbb-amhn-otcbb-calb-otcbb-elre--939250.html
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