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Post by Franko10 ™ on Jan 30, 2005 22:01:31 GMT -5
Juina Mining Corp. Adopts Interim Action Plan
RENO, Nev.--(BUSINESS WIRE)--Sept. 1, 1999--
Juina Mining Corporation ("GEMM" - OTC Bulletin Board) ("JUI.BER" - Berlin Exchange.) adopts interim Action Plan.
Juina Mining Corporation has unanimously approved the basis of an interim Action Plan. At the specific invitation of the Company, Mr. Michael Whitfield, a shareholder, has initiated a review of Juina Mining Corporation's corporate outlook. Mr. Whitfield is being afforded the complete cooperation of the Company's officers and has the personal support of the Company's principal stockholders throughout this ongoing process. To date, he has held discussions with GEMM's U.S. management and Board, consultants, a significant group of fellow shareholders (both U.S. and Brazilian based), creditors and other interested parties. From August 23rd to the 28th, Mr. Whitfield traveled with management to the Company's mining operation near Juina, Mato Grosso province, Brazil, to personally examine the property, assets, operating conditions and logistics, as well as to evaluate known problems and prospects.
As an immediate result of these assessments, Mr. Whitfield has made certain initial recommendations that focus on corrective action; one such recommendation involves the near term resumption of Brazilian mining operations. With time being of the essence, certain actions appertaining to this plan were adopted and initiated on Monday, August 30th. However, the Company will not be in a position to accept, address or otherwise act upon the full content of Mr. Whitfield's findings and recommendations until such time as he has submitted his full report to the Board. This will occur after his September 14-16, 1999, visit to the Company's Reno, Nevada headquarters to verify historically relevant facts, review recorded transactions, existing corporate records and to examine various other documents. Several significant operational changes are expected. Updates to investors will follow, addressing such corrective measures as are ratified, adopted or acted upon as well as any material benefits which are realized by the Company.
Juina Mining Corporation has mineral and mining rights to approximately 1000 hectares (2471 acres) of diamond bearing property in the Juina District of Mato Grosso, Brazil. The qualities of the recoverable diamonds, on the concession, ranges from industrial, to near gem, and gem quality. For more information, visit Juina Mining's web site at www.juinamining.com.
This material was prepared by Raider Investor Group, Inc. ("RIG") For the Company discussed herein, based upon Company supplied Information or other sources believed to be reliable. The information is not guaranteed by RIG for accuracy or to be all-inclusive. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. RIG, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. The RIG Group has been compensated by the Company. Specific compensation for any Company is available upon request.
COPYRIGHT 1999 Business Wire
COPYRIGHT 2000 Gale Group
RENO, Nev.--(BUSINESS WIRE)--Sept. 1, 1999--
Juina Mining Corporation ("GEMM" - OTC Bulletin Board) ("JUI.BER" - Berlin Exchange.) adopts interim Action Plan.
Juina Mining Corporation has unanimously approved the basis of an interim Action Plan. At the specific invitation of the Company, Mr. Michael Whitfield, a shareholder, has initiated a review of Juina Mining Corporation's corporate outlook. Mr. Whitfield is being afforded the complete cooperation of the Company's officers and has the personal support of the Company's principal stockholders throughout this ongoing process. To date, he has held discussions with GEMM's U.S. management and Board, consultants, a significant group of fellow shareholders (both U.S. and Brazilian based), creditors and other interested parties. From August 23rd to the 28th, Mr. Whitfield traveled with management to the Company's mining operation near Juina, Mato Grosso province, Brazil, to personally examine the property, assets, operating conditions and logistics, as well as to evaluate known problems and prospects.
As an immediate result of these assessments, Mr. Whitfield has made certain initial recommendations that focus on corrective action; one such recommendation involves the near term resumption of Brazilian mining operations. With time being of the essence, certain actions appertaining to this plan were adopted and initiated on Monday, August 30th. However, the Company will not be in a position to accept, address or otherwise act upon the full content of Mr. Whitfield's findings and recommendations until such time as he has submitted his full report to the Board. This will occur after his September 14-16, 1999, visit to the Company's Reno, Nevada headquarters to verify historically relevant facts, review recorded transactions, existing corporate records and to examine various other documents. Several significant operational changes are expected. Updates to investors will follow, addressing such corrective measures as are ratified, adopted or acted upon as well as any material benefits which are realized by the Company.
Juina Mining Corporation has mineral and mining rights to approximately 1000 hectares (2471 acres) of diamond bearing property in the Juina District of Mato Grosso, Brazil. The qualities of the recoverable diamonds, on the concession, ranges from industrial, to near gem, and gem quality. For more information, visit Juina Mining's web site at www.juinamining.com.
This material was prepared by Raider Investor Group, Inc. ("RIG") For the Company discussed herein, based upon Company supplied Information or other sources believed to be reliable. The information is not guaranteed by RIG for accuracy or to be all-inclusive. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. RIG, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. The RIG Group has been compensated by the Company. Specific compensation for any Company is available upon request.
COPYRIGHT 1999 Business Wire
COPYRIGHT 2000 Gale Group
