CWRN BUYOUT OF .15 PER SHARE!!! Due to the constant internet chatter, phone calls and electronic mails asking the Company about a large new iron mineral project, and if we have received an buyout offer; management has decided to disclose to the public that it has paid $30,000.00 in mineral taxes on the 21,000 hectare (52,500 acres) "Mina Nazarena" as part of its contribution in a Consortium Group that is planning to develop the large iron mineral deposit within year 2011. The CWRN Team will be responsible for development and operations of the project. The mineral concession is located in south central Baja California, approximately 80 kilometers from the Sea of Cortez and 50 kilometers from the Pacific Ocean. The highlight of the project is a 14 kilometer (8.75 miles) long magnetite strike. The Company will begin exploration within the next few weeks. The estimated size of the ore bodies has not been confirmed; however, it is believed to be one of largest in Baja California if not the largest. The Company is also reviewing its options on two other iron mineral concessions located outside of Baja, pending the investment strategy of its U.S. investors which have indicated to management, that they are willing to go the distance on larger iron mineral projects.
Cotton & Western Mining, Inc. U.S.A. has received an unsolicited Buyout or Buy-in offer from a U.S. private investment firm for all outstanding and issued shares for $0.15 cents per share. We have decided to decline the offer for our shareholders, as we feel it does not represent the true value we envisioned; however, if a future offer is accepted, all shareholders will be updated at the proper time.
