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Post by Franko10 ™ on Oct 7, 2004 9:02:58 GMT -5
U.S. Canadian Minerals, Inc. Closes Acquisition of 100% Interest in Nevada Magnetic Material, Inc
Business Wire, April 15, 2004
LAS VEGAS--(BUSINESS WIRE)--April 15, 2004
U.S. Canadian Minerals, Inc. (OTCBB:UCAD) announced today that the Company has closed its acquisition of 100% interest in Nevada Magnetic Material, Inc.
Nevada Magnetic Material, Inc., a Nevada corporation established in 1990, is focused on the production of Nickel Sulfide Anode Bars. The Anode Bars contain approximately 76.3% nickel, 1.4% silver, 1.7% gold and 20.6% residual materials according to the Company's most current Assay Report. To date the company has received 28 anode bars weighing ten pounds each and which the company believes have a value of in excess of $1,500 each.
Further announcements regarding new management for Nevada Magnetic, its synergy with U.S. Canadian's business plan and other potential upcoming projects, will be forthcoming in future press releases and in SEC filings issued by UCAD.
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 2004 Business Wire
COPYRIGHT 2004 Gale Group
Business Wire, April 15, 2004
LAS VEGAS--(BUSINESS WIRE)--April 15, 2004
U.S. Canadian Minerals, Inc. (OTCBB:UCAD) announced today that the Company has closed its acquisition of 100% interest in Nevada Magnetic Material, Inc.
Nevada Magnetic Material, Inc., a Nevada corporation established in 1990, is focused on the production of Nickel Sulfide Anode Bars. The Anode Bars contain approximately 76.3% nickel, 1.4% silver, 1.7% gold and 20.6% residual materials according to the Company's most current Assay Report. To date the company has received 28 anode bars weighing ten pounds each and which the company believes have a value of in excess of $1,500 each.
Further announcements regarding new management for Nevada Magnetic, its synergy with U.S. Canadian's business plan and other potential upcoming projects, will be forthcoming in future press releases and in SEC filings issued by UCAD.
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 2004 Business Wire
COPYRIGHT 2004 Gale Group
