Question: What happend to the 6,000,000 shares issued IMO, to buy the mining co?
Answer: I think you mean 3 million shares at $2 per share, not 6 million shares. It's my understanding that these shares were returned back to the company after Cetacean Industries, Inc. announced the disengagement of Juina Mining Company, Inc.
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Cetacean Acquires Juina Mining Company, Inc.
LOS ANGELES, Sept. 10 /PRNewswire/ -- Cetacean Industries, Inc. (''Cetacean''), (OTC:CTAE), a resource exploration/development holding company today announces the recent acquisition of Juina Mining Company, Inc. (''JMC'') of Reno, Nevada. Cetacean completed the transaction with the issuance of $6 million in restricted equity ($2.00 per share) in the parent holding company. JMC, a 100% owned subsidiary of Cetacean, has mineral and mining rights in the state of Mato Grosso, Brazil. |
