Post by Franko10 ™ on Jan 30, 2005 22:04:37 GMT -5
Juina Mining Corp. Signs Deal Memorandum for Financing and Joint Venture
RENO, Nev.--(BUSINESS WIRE)--Sept. 28, 2000
Juina Mining Corp. (OTC PINK SHEETS:GEMM) (Berlin Exchange:JUI BER) announced the signing of a deal memorandum outlining the financing for a joint venture on the Property 1000 located in the Juina District of Mato Grosso, Brazil.
Seed Capital Inc., located in Montreal, has agreed to provide initial funding of $500,000 USD towards a joint venture on the Property 1000. Seed Capital has previously been instrumental in the financing of mining projects in Canada, Africa and Brazil.
The due diligence has been completed by Seed Capital's in-house geological team, both in Canada and Brazil. The formal JV agreement is expected to be completed and funded by Oct. 21, 2000. Interim funding is being made available to open the offices in Nevada and complete the necessary filings to return to the OTC Bulletin Board.
Juina Mining has mineral and mining rights to approximately 1,000 hectares (2,471 acres) of diamond-bearing properties in the Juina District of Mato Grosso.
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 securities.
COPYRIGHT 2000 Business Wire COPYRIGHT 2000 Gale Group
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.