PRMO news! Purchases Minority Interest in a Gold Refinery!
Prom Resources, Inc. (PRMO) Purchases Minority Interest in a Gold Refinery
ORLANDO, FL, Mar 01, 2011 (MARKETWIRE via COMTEX) -- Prom Resources, Inc. (the Company) (PINKSHEETS: PRMO) is pleased to announce that they have successfully completed the purchase of a minority interest in a gold refinery. The details of the interest will be released within a timely manner, according to the delimitative agreement.
This move will assist the company in consolidating the gold bearing material it has on hand into a purer form when exported and optimize returns. The company expects to increase production and inventory in fiscal year 2011 and while continuing our program of acquiring minority interest in small operation throughout Africa.
"As the price of Gold continues to achieve some all time highs, we feel that this acquisition in a refinery will strategically place the company for future growth and assurance of prospective ore baring interests globally," said Mr. Dror Moradov, president and CEO of the company.
