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Post by Franko10 ™ on Jul 27, 2005 15:21:44 GMT -5
Oretech Inc. Enters into Agreement to Merge with Juina Mining Corp. as Subsidiary; New Stock Trading Symbol 'ORTE'
Business Editors/Environment Writers
LAS VEGAS--(BUSINESS WIRE)--April 23, 2003
Oretech Inc. (OTCBB:TVYG and, effective April 24, OTCBB:ORTE) announced today they have signed an LOI (Letter of Intent) with Juina Mining Corp. (OTCPK:GEMM) to begin an acquisition process by Oretech Inc. As part of the proposed transaction, the acquisition will be effected through a fully reporting 12G Nevada corporation of Oretech's, which will allow Juina Mining to become a wholly owned subsidiary.
Steve Cummins, CEO of Oretech Inc., commented, "The objective of this acquisition is to ultimately position the public company so that it can meet the listing requirements of a higher exchange. We feel the primary benefit of this relationship, when closed and becomes effective, would be the ability to capitalize on the diligent effort that Juina has initiated in Brazil and maximizing the development opportunities there. If this transaction is consummated, we will have a strong team of mining and business professionals on board, a proven reserve base, and we will focus our efforts and all of our available resources on creating a solid revenue base, a consistently profitable bottom line and maintaining shareholder value."
James McFadden, CEO of Juina Mining Corp., commented, "We are pleased to have this opportunity, as we move into the next phase of our growth, and to soon be able to avail ourselves of Oretech's distinguished board and management team. Their team of mining and business professionals are what we've been actively looking for since day one, and we are extremely excited that Oretech will be providing us their expertise and strong market ties within the mining industry."
The formal closing for the acquisition is set for April 25, 2003. Further details will be forthcoming when available.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
Business Editors/Environment Writers
LAS VEGAS--(BUSINESS WIRE)--April 23, 2003
Oretech Inc. (OTCBB:TVYG and, effective April 24, OTCBB:ORTE) announced today they have signed an LOI (Letter of Intent) with Juina Mining Corp. (OTCPK:GEMM) to begin an acquisition process by Oretech Inc. As part of the proposed transaction, the acquisition will be effected through a fully reporting 12G Nevada corporation of Oretech's, which will allow Juina Mining to become a wholly owned subsidiary.
Steve Cummins, CEO of Oretech Inc., commented, "The objective of this acquisition is to ultimately position the public company so that it can meet the listing requirements of a higher exchange. We feel the primary benefit of this relationship, when closed and becomes effective, would be the ability to capitalize on the diligent effort that Juina has initiated in Brazil and maximizing the development opportunities there. If this transaction is consummated, we will have a strong team of mining and business professionals on board, a proven reserve base, and we will focus our efforts and all of our available resources on creating a solid revenue base, a consistently profitable bottom line and maintaining shareholder value."
James McFadden, CEO of Juina Mining Corp., commented, "We are pleased to have this opportunity, as we move into the next phase of our growth, and to soon be able to avail ourselves of Oretech's distinguished board and management team. Their team of mining and business professionals are what we've been actively looking for since day one, and we are extremely excited that Oretech will be providing us their expertise and strong market ties within the mining industry."
The formal closing for the acquisition is set for April 25, 2003. Further details will be forthcoming when available.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
