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Post by Franko10 ™ on Sept 11, 2004 10:13:22 GMT -5
EL CAPITAN PRECIOUS METALS SIGNS AGREEMENT WITH IBK CAPITAL CORP
IBK Capital to Assist Company in Evaluating Strategic Options Regarding its
El Capitan Property
Englewood, CO – El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today it has signed a non-exclusive agreement, in association with its largest stockholder Gold and Minerals Co., Inc., with IBK Capital Corp. (“IBK Capital”) of Toronto, Ontario, Canada, to assist the companies with strategic options that may include merger, joint venture or possible sale of the El Capitan mining property near Capitan, New Mexico. The term of the agreement is for a period of six months. IBK Capital is a prominent investment banking firm that primarily focuses on the mining sector.
“We are very excited to have IBK Capital on board to assist with the possible sale of the El Capitan property,” stated El Capitan Precious Metals President, Chuck Mottley. “They are very well-known within the mining community and have an enviable record of financings and other transactions within our sector. In addition, we recently engaged the law firm of Squire, Sanders & Dempsey to serve as our legal counsel for any possible transaction. Squire, Sanders & Dempsey is a well respected international law firm that also has significant experience in mining and natural resources and is an ideal fit for our plans and objectives.”<br>
El Capitan Precious Metals, Inc. is a nominally capitalized development stage company that owns a 40% interest in the El Capitan mine located near Capitan, New Mexico.
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 a possible sale of the El Capitan property or any other restructuring, offering, acquisition, disposition or similar 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; the accuracy of geological and geophysical results including drilling and assay reports; the inability of the Company to develop and/or mine the El Capitan property; 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
IBK Capital to Assist Company in Evaluating Strategic Options Regarding its
El Capitan Property
Englewood, CO – El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today it has signed a non-exclusive agreement, in association with its largest stockholder Gold and Minerals Co., Inc., with IBK Capital Corp. (“IBK Capital”) of Toronto, Ontario, Canada, to assist the companies with strategic options that may include merger, joint venture or possible sale of the El Capitan mining property near Capitan, New Mexico. The term of the agreement is for a period of six months. IBK Capital is a prominent investment banking firm that primarily focuses on the mining sector.
“We are very excited to have IBK Capital on board to assist with the possible sale of the El Capitan property,” stated El Capitan Precious Metals President, Chuck Mottley. “They are very well-known within the mining community and have an enviable record of financings and other transactions within our sector. In addition, we recently engaged the law firm of Squire, Sanders & Dempsey to serve as our legal counsel for any possible transaction. Squire, Sanders & Dempsey is a well respected international law firm that also has significant experience in mining and natural resources and is an ideal fit for our plans and objectives.”<br>
El Capitan Precious Metals, Inc. is a nominally capitalized development stage company that owns a 40% interest in the El Capitan mine located near Capitan, New Mexico.
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 a possible sale of the El Capitan property or any other restructuring, offering, acquisition, disposition or similar 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; the accuracy of geological and geophysical results including drilling and assay reports; the inability of the Company to develop and/or mine the El Capitan property; 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
