Also, be aware that this old COPPER company of a similar name is NOW geting into Namibian DIAMONDS field as for THEIR NEW stressing...a new stress- IT IS NOT THIS COMPANY but you all should be aware that news just came out:
RE: Namibian Copper Mines, Inc.
Namibian Copper Mines, Inc. (OTC BB ''NCMI'') in
acquisition of diamond sales entitlements
PHOENIX, AZ, June 15 /CNW-PRN/ - Namibian Copper Mines, Inc. (OTC BB
''NCMI'') advises that the company's stock is to
be consolidated on a 1:8 basis (Reverse Split). Prior to the
consolidation the company will complete a placement of 1,000,000
shares at 10 cents per share to be utilized for the purpose of making
the company compliant with all the new reporting regulations.
Further, the company has negotiated the acquisition of a significant
interest in agreements giving the company the opportunity to
enter the International wholesale and retail diamond markets.
The agreements provide for Alroszoloto, a subsidiary of Almazy Rossi
Sakha, to supply rough diamonds, which are to be cut and
polished in Russia. The company intends to market these stones to both
the wholesale and retail markets internationally. Almazy
Rossi Sakha is responsible for all diamond mining in Russia and accounts
for approximately 26% of World production.
Consideration for the acquisition is to be 8,000,000 restricted post
reconstruction shares. Post reconstruction issued shares
outstanding will approximate 9,437,500 shares. The acquisition is
subject to due diligence for 120 days during which time the
company also intends to negotiate an interest in the agreements held by
Mosquito Mining Limited incorporated in Cyprus.
The company will keep the market advised as these issues progress.
Chuckaoutta the Copper Smelter and into the Fire of Burning Kimbers
P.S.- The head of this company was the person who was known as a financial whatever...who was unable to secure financing to save another investment of mine so thart we shareholders all lost and that is the fact, after the Bankruptcy came to pass this time last year...seems he was looking for diamonds and not protecyting the metals INVESTORS like us in GOLDs../PGMs...a dam shame that focus gets lost! Little People loose money. His name is ALAN DOYLE.
Just out of principle I think my next diamond investment is YOUR Threads Company ...not this Copper Wannta Be A Diamond Company run by this Mr Doyle! See you all around, I possibly suspect your management is ticked at this defacto "in name" attempt of coattail riding on your sucesses and geograpgical nearness, if it is actually so or even if it is a happenstance! Anyway, might I sugesst that copper company change their name away from YOU folks who were FIRST! Maybe the Government over in Africa can provide a legal remedy is anything is ever sneaked in the wording so as to CONFUSE INVESTORS, thusly, I post for you and Minerals Shareholders PROTECTION...a history of Bankruptcy in a prior Copper Company with a Similar name to yours with the Top Manegament must be stated here that it has NOTHING to do with Your Company: Namibiam Mineral Corp. IE Mr Alan Doyle of the N copper Company is not envolved in N Minerals Corp!
Mr Alan Doyles' trail of failure ( as he was the Chairman ) to perform is at this S.I. thread :
Subject 7763 |
