NEWZ OUT
UMining Resources Announces a New Strategic Plan
UMINING RESOURCES INC (OTC) (USOTC:UMNG)
Intraday Stock Chart
Today : Monday 19 July 2010
Click Here for more UMINING RESOURCES INC (OTC) Charts.
UMining Resources, Inc. (PINKSHEETS: UMNG) announces a new strategic plan.
Management is proud to disclose the company's new strategic plan which consists of focusing on the negotiation and development of joint-ventures with private mining companies. The priority will be for mining properties with already proven reserves and/or are already in the production phase. UMining Resources intends to take a financial position in one of two possible means. The first would be by taking equity positions in private functional entities. The second will be by acquiring a percentage royalty, directly from the mining assets.
About UMining
UMining Resources is a New York State Corporation, which is a publicly listed mining company, mainly focused on obtaining mining and exploration permits and rights, and acquiring open pit gold mines from independent or private entities.
Looking towards the future, the company will own a well diversified portfolio of open-pit mining properties. This will create substantial revenue, based on ownership percentage and/or royalty payments, and will enable the company to be well positioned as a viable financial partner for future acquisitions. UMNG will be operating in a socially, environmentally and ethically responsible manner in order to meet its objectives.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
