Replies to post #64979 on Cotton & Western Mining Inc. (CWRN)

[Militia Man]

Sure we are, read on below.. Pretty sure it tells everyone about revenues in CWRN distribution.. Where have you been? Read the IBOX if you like. If you un-hide the thing it works better, for me anyway.. :-)

Aug 8th 2011 Loreto Sailing with 2nd Bulk Iron Ore Shipment
Quote:
Due to the river draft at the Port of Jiangyin on the Yangtze River, some 750 metric tons of iron ore was removed from the MV Loreto Bulk Vessel.. Remaining ore on the dock will go out on the next shipment. Here is a site with some good pictures in and around the City and river port: The Loreto is a 45k/mt carrier, it was chosen for its width and shallow draft only 36,000 metric tons can be offloaded there, the final draft survey was 36,002 mt.
http://ports.com/china/port-of-jiangyin/photos/#/show-gallery?o=photo-0
Loreto pulled out at 6:00am PST this morning and is scheduled to arrive on Aug 27 at 18:00 hours.

Operations Update: The Company will now begin preparations of its stockpiled 1-3mm Sinter Feedstock Fines for the 3rd shipment of iron ore to China this year, anticipated sailing between the 10th and 15th of September, 2011.
CWRN Current Share Structure: The Company has stated that it is not currently providing any Market Awareness nor is it involved with the market in any way. The share price of the Company's stock is solely dictated by the market.
-A/S: 6 Bil -Current O/S: 4,361,635,980 Bil -Restricted: 2,056,610,879 Bil -Free Trading Float: 2,305,025,101 Bil

" " The loading of the vessel went very smooth requiring only one move due to scheduled container vessels. Below is the load-out break down; All shipping documents have been completed, the last document required to draw down the Domumentary Letter of Credit is the product analysis, which will require about two weeks.... Next shipment will be 1-3mm sinter feedstock fines...... Bob " "

May 26 2011 "Revenues Distributed, 2nd Bulk Shipment Close"
Quote:
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.
" " " Note: Pan American Mineral Ventures, LLC. Officers, Directors, Insiders and Affiliates control over 50% of the Company's Outstanding Shares, Robert L. Cotton and Sharon Vazquez are co-managers of Pan American Mineral Ventures, LLC., State of Nevada, both are Officers and Directors of CWRN.
OTC:PK Status: CWRN is no longer a developing company and as such the non-reporting SEC status in not desirable to maintain a healthy share value for the shareholders; therefore, the Board of Directors have agreed to move on. The company will be merging into a new mining company that will be involved with several other iron ore mining projects and will be an SEC reporting company listed on the OTC:QB; this process shall take some time and will require shareholder's voting approval. A Shareholders meeting will be held, all shareholders of record will be given a 45 day written notice of the time and place of the meeting. A news release will also be issued with the Shareholders notice.