Owner
Post by Franko10 ™ on Sept 11, 2004 10:10:47 GMT -5
DENVER, Mar 19, 2003 (BUSINESS WIRE) -- DML Services, Inc. (OTCBB:DMSV) announced today that it has completed the acquisition of all of the outstanding common stock of El Capitan Precious Metals, Inc. ("El Capitan") in a tax-free exchange of stock.
Effective with the closing of this transaction, the Company's name has been changed to El Capitan Precious Metals, Inc. The Company is applying to change the trading symbol of its common stock and will announce that change once it becomes effective.
DML Services recently completed a 4 for 1 forward split of its common stock to have 12,280,000 shares outstanding prior to closing. At the time of closing, 10,040,000 shares held by principal stockholders of DML Services were purchased by El Capitan and retired into treasury leaving 2,240,000 shares of common stock outstanding. DML Services issued 13,000,000 shares of common stock to El Capitan's stockholders to acquire all of El Capitan's outstanding shares so that following completion of the transaction, the company now has a total of 15,240,000 shares outstanding.
El Capitan Precious Metals, Inc. is a nominally capitalized development stage company which owns a 40% interest in the El Capitan mine located near Capitan, New Mexico. For more information on the El Capitan mine visit www.goldandminerals.com.
Gold and Minerals own the remaining 60% in the El Capitan mine. Gold and Minerals and El Capitan Precious Metals are preparing to sell the property to a major mining company which has the financial resources to put this property into production.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in El Capitan Precious Metals/DML Services' Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals/DML Services; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by El Capitan Precious Metals/DML Services; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals/DML Services; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and El Capitan Precious Metals/DML Services disclaims any intent or obligation to update these forward-looking statements.
CONTACT:
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
Effective with the closing of this transaction, the Company's name has been changed to El Capitan Precious Metals, Inc. The Company is applying to change the trading symbol of its common stock and will announce that change once it becomes effective.
DML Services recently completed a 4 for 1 forward split of its common stock to have 12,280,000 shares outstanding prior to closing. At the time of closing, 10,040,000 shares held by principal stockholders of DML Services were purchased by El Capitan and retired into treasury leaving 2,240,000 shares of common stock outstanding. DML Services issued 13,000,000 shares of common stock to El Capitan's stockholders to acquire all of El Capitan's outstanding shares so that following completion of the transaction, the company now has a total of 15,240,000 shares outstanding.
El Capitan Precious Metals, Inc. is a nominally capitalized development stage company which owns a 40% interest in the El Capitan mine located near Capitan, New Mexico. For more information on the El Capitan mine visit www.goldandminerals.com.
Gold and Minerals own the remaining 60% in the El Capitan mine. Gold and Minerals and El Capitan Precious Metals are preparing to sell the property to a major mining company which has the financial resources to put this property into production.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in El Capitan Precious Metals/DML Services' Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals/DML Services; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by El Capitan Precious Metals/DML Services; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals/DML Services; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and El Capitan Precious Metals/DML Services disclaims any intent or obligation to update these forward-looking statements.
CONTACT:
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
