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Post by Franko10 ™ on Sept 11, 2004 8:02:12 GMT -5
U.S. Canadian Minerals Inc. Purchases Juina Mining Corp.'s Interest in Yellow River Mining S.A.
LAS VEGAS, Jul 28, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that it has purchased all of the interest in Yellow River Mining S.A. held by Juina Mining Corp. (Pink Sheets: GEMM), which is majority owned by UCAD. UCAD exchanged 50,000 shares of its common stock for 80% of Yellow River Mining S.A. as part of the initial steps to reorganize its corporate structure.
Rendal Williams, CEO of UCAD, stated, "This is only the first step in our efforts to have revenue produced in UCAD and to maximize the value of the assets we have already purchased."
Further details relative to this project will be forthcoming in future press releases and at www.uscanadian.com/, www.juinamining.com/ and yellowriver.com
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.
SOURCE: U.S. Canadian Minerals Inc.
CONTACT: U.S. Canadian Minerals Inc.
Chris Hanneman, 303-220-8476
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Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: NEVADA
INDUSTRY KEYWORD: MINING/METALS
LAS VEGAS, Jul 28, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that it has purchased all of the interest in Yellow River Mining S.A. held by Juina Mining Corp. (Pink Sheets: GEMM), which is majority owned by UCAD. UCAD exchanged 50,000 shares of its common stock for 80% of Yellow River Mining S.A. as part of the initial steps to reorganize its corporate structure.
Rendal Williams, CEO of UCAD, stated, "This is only the first step in our efforts to have revenue produced in UCAD and to maximize the value of the assets we have already purchased."
Further details relative to this project will be forthcoming in future press releases and at www.uscanadian.com/, www.juinamining.com/ and yellowriver.com
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.
SOURCE: U.S. Canadian Minerals Inc.
CONTACT: U.S. Canadian Minerals Inc.
Chris Hanneman, 303-220-8476
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: NEVADA
INDUSTRY KEYWORD: MINING/METALS
