Cotton & Western Mining Inc (fka CWRN)

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So yes sources from both sides of the continental divide indicate CWRN paid off Geo -something those who profit from a pps fall repeatedly forget

CWRN paid off Geo 75% from 1st ship and reportedly paid rest from Bao's payment of Dec 2011

CWRN also paid for the shipping as noted below
and I assume CWRN would allow Geo to pick up the used equipment Geo loaned which CWRN has replaced w much better equipment since then

SOURCE: Cotton & Western Mining, Inc.

May 26, 2011 08:30 ET
CWRN: "Revenues Distributed, 2nd Bulk Shipment Close"

HOUSTON, TX--(Marketwire - May 26, 2011) - Cotton & Western Mining, Inc. (PINKSHEETS: CWRN), the company under Irrevocable Assignment of Documentary Letter of Credit Proceeds, distributed the revenues from its first bulk shipment of iron ore under the following percentages; 60% to ongoing operations, 30% to Project Investors and 10% to Management. The Project Investors recovered approximately 75% of their cash contributions; The Ensenada International Terminal was paid approximately $320,000.00 for receiving, storage, material handling and cargo loading, $356,000.00 was paid to Road-Runner Trucking, $1,115,000.00 was paid to COSFAR Bulk Cargo Shipping, $220,000.00 was paid in royalty fees and surface rights. The Company was also able to meet its obligations to PowerScreen of California paying a balance of $975,000.00 for the crushing equipment. We would like to thank PowerScreen for their ability to provide us with over $1,500,000.00 in equipment that was paid off under settlement of DLC proceeds, without their help it would have been very difficult to secure the equipment we had specified for the production. The Company will be receiving more equipment from PowerScreen shortly.