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AZC - AZCO MININGS (AMEX:AZC) Azco Mining Inc. is a mining company with a general business strategy to acquire mineral properties with a prime focus on gold Resource Pages: biz.yahoo.com rapidresearch.com Home Page: azco.com Latest News: 3/10/99 biz.yahoo.com “AZCO Mining Inc. has acquired, through a merger of its subsidiary, Sanchez Mining Inc., with Arizona Mica Properties, Inc., a company which owns a significant source of high-quality mica and a pilot processing plant situated near Phoenix, in Arizona. The acquisition, to be satisfied with the issuance of 4,500,000 shares of AZCO Mining Inc., follows a 3 month due diligence period which included confirmatory diamond drilling, concentration testwork, a marketing study, environmental audit, legal title work and significant development work. The acquisition includes the plant and 43 claims. An additional 226 adjacent claims have been staked and recorded by AZCO. Substantial development and construction has been completed and further work is continuing to complete a production facility with an estimated capacity of 10,000 tonnes per annum. The Mine Plan of Operations is being finalized with a submission to the Arizona State Land Department and Bureau of Land Management expected by mid-March.”… Full News Release: 3/10/99 biz.yahoo.com You will need to research them for yourself, but here is a quick overview as of 3/13/99 They have a current book value of 0.73 and last traded at 0.6875 Current cash on hand of 15,000,000 Long Term Debt little or none Regards, Bill Fortune III | ||||||||||||||
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