U.S. Canadian Minerals Inc. Purchases Juina Mining Corp.'s Interest in Yellow River Mining S.A. 7/28/2004 7:05:00 PM
LAS VEGAS, Jul 28, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (UCAD) announced today that it has purchased all of the interest in Yellow River Mining S.A. held by Juina Mining Corp. (Pink Sheets: GEMM), which is majority owned by UCAD. UCAD exchanged 50,000 shares of its common stock for 80% of Yellow River Mining S.A. as part of the initial steps to reorganize its corporate structure.
Rendal Williams, CEO of UCAD, stated, "This is only the first step in our efforts to have revenue produced in UCAD and to maximize the value of the assets we have already purchased."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
rich, don't worry got in at .0002 four months ago. ihave been buying more along the way haven't sold 1 share yet,i'am waiting for the big pay day.i don't consider myself a weak hand.to little invested to worry about the up and down pps at this level.also thanks for the word of caution. woodyLONG. LLLOOOOONNNNNGGGGGGGGGGG!
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