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KING RES INC
Symbol U : KING
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King Resources (KING) Message To Shareholders
2012-03-28 15:45 ET - News Release
HENDERSON, NEVADA -- (MARKET WIRE) -- 03/28/12
King Resources, Inc. (PINKSHEETS:KING) (www.king-resources.com) management is providing the following update to its followers and shareholders.
-- Regarding merger completion, with Grid Grabber we wish to confirm that
merger process will be announced very shortly.
-- The Grid Grabber web site is back up and in operation. KING management
apologizes to KING's followers and shareholders for the delay. Grid
Grabber was subject with a hacking issue, however this was caught in
time and has been resolved. The Grid Grabber's website is up and
operating now. It may however take a day or so to propagate through the
Internet (depending on the readers geographical location) with the new
IP numbers.
-- KING has paid the required fee to OTC Markets to become an OTC reporting
company. We expect to be in the position to file our Adequate Disclosure
and financials on or before April 5, 2012. (We are awaiting a FOB
security key from OTC Markets)
-- KING has retained a security lawyer to review its Adequate Disclosure
filings. That legal opinion will be filed shortly after.
-- KING's management would like to take this opportunity to advise its
followers that the company intends to operate two separate and unique
subsidiaries. A primary and a secondary subsidiary. One being the Grid
Grabber as previously announced which will be the company's secondary
subsidiary. KING management anticipates to be in the position to
announce the primary merger candidates shortly as well. The primary
operating subsidiary will either be a South American lithium mining
company or a North American mining company. The (sic) mining silver
property with $ 40,000,000.00 proven and $ 60,000,000.00 of confirmed
indicated reserves of silver in it.
-- King management is moving forward with a mindset of making KING a great
company with great future appreciation for its followers, shareholders
and stakeholders.
King management intends to release more details and information on a timely and frequent basis.
About King Resources, Inc. (KING)
The company is a convergence of leading businesses that capitalize on new green technology, creativity, reputation and expertise to develop and exploit opportunities in real life, consumer savings and environmental changes that improve the quality of life and increases the profitability of the company at the sometime.
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