Replies to post #30351 on Mensa Mining Corp (EQBM)

[CheezyTang]

EDIT (links): couch, i think that was hearsay...but...

on November 14th, negotiations were re-opened, which means SOMETHING was changed...

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http://biz.yahoo.com/prnews/061114/to448.html?.v=8

Equitable Mining Corp. Re-Opens Negotiations For Chinese Mine Tailings Property
Tuesday November 14, 5:00 am ET


CHEYENNE, WY, Nov. 14 /PRNewswire-FirstCall/ - Equitable Mining Corp. (EQUITABLE), a resource company trading as EQBM on PinkSheets.com and E5W on the Frankfurt Exchange, is meeting with the principals of the Dalian Mine Tailings site in Beijing, China later this week.


"We are excited about having the Dalian project move forward," said Larry Skolnik, president of Equitable.

The Dalian acquisition covers the mineral rights to 220,000 square meters of land leased from the government for 25 years and includes 5.2 million tons of mine tailings plus infrastructure in place including roads, electricity, water, fencing, storm sewer, transportation and one production line. To date $7 million has been invested in the project by H.M.H. and D.A.K. Once the acquisition is complete Equitable Mining Corp. plans to increase production to three lines within the first eight months. The company will utilize D.A.K.'s environmentally friendly leaching process to extract the mineral deposits.
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the LOI was signed per the PR on December 6th....

http://biz.yahoo.com/prnews/061206/to322.html?.v=11

Soma Petroleum Limited (SOMA) Announces Completion of Frankfurt Exchange Listing and SOMA/Equitable Mining Corp. LOI with HMH/DAK Mine Tailing Project in China
Wednesday December 6, 4:00 am ET


TORONTO, Dec. 6 /PRNewswire-FirstCall/ - Soma Petroleum Limited (SOMA), an oil and gas resource company is pleased to announce that it has commenced trading on the Frankfurt Stock Exchange ("FWB" - Frankfurter Wertpapierborse) in Germany under the trading symbol "SA1". The opening price is Euro 3.00.


SOMA is also pleased to announce that with Equitable Mining Corp. ("EQUITABLE", a resource company trading on Frankfurt Exchange: E5W and as EQBM on PinkSheets.com), they have signed a joint Letter of Intent (LOI) with Dalian Aikete Wei Kuang Zhong He Li Yong You Xian Gong Si and HMH ("DAK/HMH") as a strategic partner in the further development of their PGM extraction plant in Dalian, Liaoning Province, China. This joint relationship will allow both SOMA/EQUITABLE and DAK/HMH to provide a long-term strategic partnership in this mining operation, which will impact increased production capacity.