Post by Franko10 ™ on Jan 30, 2005 21:50:20 GMT -5
Juina Mining Reports Shipment of Processing Equipment to Brazil
RENO, Nev.--(BUSINESS WIRE)--Nov. 6, 1998--Juina Mining Corp. (OTC BB:GEMM) (Berlin:JUI.BER) Friday announced that it has completed the funding for the purchase of the additional equipment necessary to complete the diamond processing plant and begin production at its site in Brazil.
The funding was achieved through a private placement.
Five magnetic separators and one laser equipped diamond sorter will be shipped via air-freight to Brazil. The installation of the additional equipment will commence immediately upon arrival at the company's mining operation in the municipality of Juina.
Noel M. Frenzel, president of Juina Mining, stated: "This is an exciting development in the evolution of our company. We expect to begin production in the near future and to realize the tremendous potential of our mining operation."
Juina Mining is a diamond resource and exploration company with exclusive rights to a mining and mineral concession on 2,471 acres located in Juina, Mato Grosso, Brazil.
Visit Juina's Web site at www.juinamining.com to learn more about the company and to view the progress and preparation of the production facility.
Notice Regarding Forward-Looking Statements In News Release
To the extent that this news release contains forward-looking statements regarding the financial condition, operating results, business prospects or any other aspect of the company, be advised that the company's actual financial condition, operating results and business performance may differ materially from those projected by the company in forward-looking statements. The differences may be caused by a variety of factors, including, but not limited to adverse economic conditions, intense competition including intensification of price competition and entry of new competitors, adverse federal, state and local government regulation, inadequate capital, adverse weather conditions which could result in a slowdown of the company's mining operations, unexpected costs and operating deficits, increases in general and administrative costs, lower sales and revenues than forecast, disadvantageous currency exchange rates, termination of contracts, loss of supplies, price increases for supplies and components, failure to obtain new customers and distribution channels, litigation and administrative proceedings involving the company, adverse publicity, loss or retirement of key executives and management personnel, interest rate changes, inflationary factors and other specific risks that may be alluded to in this news release or in any other reports issued by the company.
COPYRIGHT 1998 Business Wire
COPYRIGHT 2000 Gale Group
RENO, Nev.--(BUSINESS WIRE)--Nov. 6, 1998--Juina Mining Corp. (OTC BB:GEMM) (Berlin:JUI.BER) Friday announced that it has completed the funding for the purchase of the additional equipment necessary to complete the diamond processing plant and begin production at its site in Brazil.
The funding was achieved through a private placement.
Five magnetic separators and one laser equipped diamond sorter will be shipped via air-freight to Brazil. The installation of the additional equipment will commence immediately upon arrival at the company's mining operation in the municipality of Juina.
Noel M. Frenzel, president of Juina Mining, stated: "This is an exciting development in the evolution of our company. We expect to begin production in the near future and to realize the tremendous potential of our mining operation."
Juina Mining is a diamond resource and exploration company with exclusive rights to a mining and mineral concession on 2,471 acres located in Juina, Mato Grosso, Brazil.
Visit Juina's Web site at www.juinamining.com to learn more about the company and to view the progress and preparation of the production facility.
Notice Regarding Forward-Looking Statements In News Release
To the extent that this news release contains forward-looking statements regarding the financial condition, operating results, business prospects or any other aspect of the company, be advised that the company's actual financial condition, operating results and business performance may differ materially from those projected by the company in forward-looking statements. The differences may be caused by a variety of factors, including, but not limited to adverse economic conditions, intense competition including intensification of price competition and entry of new competitors, adverse federal, state and local government regulation, inadequate capital, adverse weather conditions which could result in a slowdown of the company's mining operations, unexpected costs and operating deficits, increases in general and administrative costs, lower sales and revenues than forecast, disadvantageous currency exchange rates, termination of contracts, loss of supplies, price increases for supplies and components, failure to obtain new customers and distribution channels, litigation and administrative proceedings involving the company, adverse publicity, loss or retirement of key executives and management personnel, interest rate changes, inflationary factors and other specific risks that may be alluded to in this news release or in any other reports issued by the company.
COPYRIGHT 1998 Business Wire
COPYRIGHT 2000 Gale Group