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Post by Franko10 ™ on Jan 30, 2005 21:52:23 GMT -5
Juina Mining Completes Funding and Prepares for Production
RENO, Nev.--(BUSINESS WIRE)--Dec. 22, 1998---Juina Mining Corp. (OTC BB:GEMM) (Berlin:JUI.BER) Tuesday announced that the company completed a private placement that raised all funds to purchase and install its new mining machinery.
A Brazilian team has been assembled to complete the installation of the new machinery, which consists of five magnetic separators and one laser-equipped diamond sorter. The equipment has been trucked to the company's mining operation in the municipality of Juina.
After this equipment is installed and tested, the company expects to begin mining and processing of its stock-piled gravel before the end of 1998 and to commence production in early January of 1999.
In another development, the company has announced that it is now ready to commence direct management of the mining operation at its site in Brazil. Until now, the company has had MPH Consulting Limited, of Canada, supervising the site preparation and initial layout of the wash plant.
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)--Dec. 22, 1998---Juina Mining Corp. (OTC BB:GEMM) (Berlin:JUI.BER) Tuesday announced that the company completed a private placement that raised all funds to purchase and install its new mining machinery.
A Brazilian team has been assembled to complete the installation of the new machinery, which consists of five magnetic separators and one laser-equipped diamond sorter. The equipment has been trucked to the company's mining operation in the municipality of Juina.
After this equipment is installed and tested, the company expects to begin mining and processing of its stock-piled gravel before the end of 1998 and to commence production in early January of 1999.
In another development, the company has announced that it is now ready to commence direct management of the mining operation at its site in Brazil. Until now, the company has had MPH Consulting Limited, of Canada, supervising the site preparation and initial layout of the wash plant.
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
