U.S. Canadian Minerals, Inc. Closes Acquisition of 100% Interest in Nevada Magnetic Material, Inc. via COMTEX
January 11, 2005
LAS VEGAS, Jan 11, 2005 (BUSINESS WIRE) --
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. These anodes contain approximately 60% nickel, 20% silver, 5% gold and 5% residual materials.
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.
SOURCE: U.S. Canadian Minerals, Inc.
U.S. Canadian Minerals, Inc. R. Williams, 702-990-3672
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Last Edit: Jan 30, 2005 21:03:51 GMT -5 by Franko10 ™
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