Multi-Metal Development Ltd (TSXV: MLY) (OTC Pink: MLYCF) (formerly American CuMo Mining Corporation) and its subsidiary, International CuMo Mining Corporation (ICMC), are pleased to announce that ICMC has signed a non-binding term sheet to merge with a US "shell corporation," Joway Health Industries Group Inc. (OTC Pink: GTVI). Upon completion of the merger, Joway's name will be changed to International CuMo Mining Corporation, and it will become the operating entity for the CuMo project, the world's largest primary molybdenum deposit and the largest silver and one of the top 10 copper deposits in the US.
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