Replies to post #3744 on ***Muaythai''s Miners***

[kismetkid]

the only news i have seen from shsh.


http://www.reuters.com/finance/stocks/SHSH.PK/key-developments/article/2481349

Shoshone Silver Mining Co Announces Letter Of Intent To Acquire 50% Interest In Gold Hill District Properties


Wednesday, 15 Feb 2012 11:00am EST
Shoshone Silver Mining Co announced that it has signed a letter of intent with Desert Hawk Gold Corp. whereby Shoshone will acquire a 50% interest in the Desert Hawk mineral properties located in Tooele County, Utah. The property is located on the Utah/Nevada border and is about 50 miles south of Wendover. The terms of the deal are that Shoshone will contribute $10 million in project equity, as well as a $2 million project loan to be used for the startup of the Kiewit gold heap leach operation. Under the terms of the deal, Shoshone will have a 120 day exclusive right to provide the $10 million, for which $100,000 is being advanced to Desert Hawk as a nonrefundable deposit. Shoshone will also provide a $2 million, 10% interest loan, with a four year maturity, which bears a preferential payback from operational cash flow. The two companies will be 50-50 partners on the entire project with a four man operating committee consisting of two members from each company.