Cotton & Western Mining Inc. (CWRN)

[jmbar2]

The Board`s actions have already resulted in sufficient financial relief having been extended to allow PMV to avoid bankruptcy and the loss of its equipment, while retiring a significant portion of its outstanding payables.

Furthermore, on May 19, 2013, PMV successfully shipped 68,069 Tons of Iron Ore from Ensenada aboard a Panamax Bulker (a first for Baja California minerals), of which 45,000 Tons were that material previously sold but quarantined by the Customs authorities and only recently released, plus 23,000 Tons of other inventory. The Board believes that their actions will allow sufficient capitalization to allow sustainable operations under KMG`s new management team.

Takeaways
- Risk of PMV BK has been mitigated
- machinery and equipment preserved
- the bulk of the most recent load of 45,000 iron ore was that which had been mined a long time ago, and blocked from shipment.
- A large backlog of ore is ready to be shipped.
- KMG is starting with adequate capitalization.