URCO NEWS ~ Uranium 308 Corp. Announces Strategic 90-Day Outlook
Press Release Source: Uranium 308 Corp. On Monday September 19, 2011, 9:00 am
LAS VEGAS--(BUSINESS WIRE)-- Uranium 308 Corp. (OTCPK: URCO) (the “Company”) is pleased to provide its strategic outlook and plan of action for the next 90 days to its shareholders.
The next few months will be critical in terms of addressing outstanding issues and putting the Company on track to start developing shareholder value as well as its attractiveness in the investment community.
“As we move forward, our three areas of focus will be on (1) building an effective leadership team, (2) positioning the Company to expand and strengthen its asset base, and (3) improving the financial condition and attractiveness of the company. Success in these three areas is expected to result in substantial progress towards increasing shareholder value and investor confidence,” stated Dennis Tan, President and CEO.
Next 30 Days
• Continue to further develop the Company’s asset acquisition and development strategy
• Begin efforts to recruit initial key leadership and technical experts as part of the execution of our overall strategic efforts
Next 60 Days
• Further identify and begin implementing actions towards making the Company more attractive to the investment community
• Implement initial sampling program on the Tarma property
Next 90 Days
• Create and implement plan of action to re-list on the Over the Counter Bulletin Board (OTCBB) in an effort to help rebuild credibility in the markets.
• Implement improved internal controls and corporate governance practices
• Position the Company for additional project acquisitions
About Uranium 308 Corp.:
Uranium 308 Corp. is a mineral exploration and development company engaged in the acquisition, exploration and development of gold mineralization properties internationally. Recently, the focus of Uranium 308 Corp.’s exploration efforts have centered on Latin American with particular interest in gold exploration in Peru and Columbia.
www.uranium308corp.com
FORWARD-LOOKING STATEMENTS
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1033, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbour created by such sections. These statements relate to analysis and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contact:
Uranium 308 Corp.Dennis Tan, President and Director702-425-8662
