Minatura Gold (OTCBB:BTTA) announced today that it has signed three Letters of Intent to acquire 100% interest in Gold Ventures 2008 LLC, Minatura Nevada LLC, and Camicol SA.
The three affiliated companies being acquired by Minatura Gold currently own and operate mining concessions in Colombia, in addition to owning a dredging equipment manufacturer capable of producing mining equipment utilized in alluvial mining operations.
Paul Dias, spokesman for and a founder of the three companies being acquired, indicated that, “I have been working on this project for several years, and have been fortunate enough to have had investors believe in the project and put together an outstanding, industry experienced, management team. We possess land and have concessions to mine with environmental permits issued. As a result of our Letters of Intent with Minatura Gold, upon completion of the transactions, we will be in a better position to provide market liquidity to our investors and those of Minatura Gold. I believe Minatura Gold, upon completion of our acquisition, will be ideally positioned to capitalize on a strong gold market.”
The consummation of the acquisitions is subject to a number of conditions which will be detailed in a definitive asset acquisition agreement, which will contain customary conditions with respect to transactions of this type, including the absorption of the current in-place management team assembled by Paul Dias, the managing member of Gold Ventures 2008 LLC.
Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the acquisition of Gold Ventures 2008 LLC, Minatura Nevada LLC, and Camicol SA, and, plans to own and operate mining concessions and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete the acquisition, the continued ownership and operation of mining concessions, production of gold at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as gold, continued maintenance of the operating business, price of gold, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts:
Minatura Gold
Paul Dias, 310-755-5830