JMCP Acquisition Inc. Completes Acquisition of Gold Company
KILLEEN, Texas, May 04, 2007 (BUSINESS WIRE) -- Frank Love, the President of James Monroe Capital (PINK SHEETS:JMCP), is pleased to announce that JMCP Acquisition Inc. has purchased Wales Holding Corporation, the parent company owning, Wales Gold Mining Ltd. The merger is complete pending approval of the Florida Certificate of Merger, expected momentarily. Wales is the Ghanaian-based company referred to in the previous press release dated April 26th, 2007. Wales is an owner in the mineral rights of the 23 square kilometer WD concession along the Ashanti belt.
The Ashanti Belt hosts some of the largest mines in the world, which include the Abbosso, Tarkwa, and Iduaprim mines. These mines have produced millions of ounces of gold.
WD has a world-renowned geologist heading up operations, and frequently outsources a team of highly respected geologists. WD is currently undergoing a 43-101 compliancy through SRK to further verify its positive results.
Frank Love states, "This acquisition by James Monroe Capital brings us one step closer in realizing our goal of finalizing our joint-venture with an oil company. At this time I do not want shareholders calling the company or myself. We are extremely busy and will not reveal any inside information. I will reveal additional information through further press-releases."
SOURCE: James Monroe Capital Corp.
CONTACT: James Monroe Capital Corp., Killeen
Frank Love, 254-458-0473
jamesmonroecapital.com
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