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Post by Franko10 ™ on Sept 11, 2004 10:14:23 GMT -5
El Capitan Precious Metals Signs Agreement With IBK Capital Corp. and Distributes Mining Property Summaries to Selected Mining Firms
FRIDAY , SEPTEMBER 05, 2003 07:00 AM
ENGLEWOOD, Colo., Sep 5, 2003 (BUSINESS WIRE) -- El Capitan Precious Metals, Inc. (OTCBB: 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.
In addition, on behalf of the companies, IBK Capital recently sent to selected domestic and international mining companies a ten-page executive summary on the El Capitan property soliciting indications of interest. A copy of the summary is available on the Company's website www.elcapitanpmi.com.
"We are very excited to have IBK Capital on board to assist with the possible sale of the El Capitan property and are confident the summary they prepared will garner significant interest," stated El Capitan Precious Metals President, Chuck Mottley. "Given the current precious metals market and the encouraging preliminary assay reports on the property, we are hopeful this will lead to the sale or other beneficial development transaction allowing us to leverage our investment in this promising piece of real estate."
IBK Capital is a prominent investment banking firm that primarily focuses on the mining sector.
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 as well as 13 mining claims and other assets known as the C.O.D. Property located near Kingman, Arizona.
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.
SOURCE: El Capitan Precious Metals, Inc.
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
FRIDAY , SEPTEMBER 05, 2003 07:00 AM
ENGLEWOOD, Colo., Sep 5, 2003 (BUSINESS WIRE) -- El Capitan Precious Metals, Inc. (OTCBB: 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.
In addition, on behalf of the companies, IBK Capital recently sent to selected domestic and international mining companies a ten-page executive summary on the El Capitan property soliciting indications of interest. A copy of the summary is available on the Company's website www.elcapitanpmi.com.
"We are very excited to have IBK Capital on board to assist with the possible sale of the El Capitan property and are confident the summary they prepared will garner significant interest," stated El Capitan Precious Metals President, Chuck Mottley. "Given the current precious metals market and the encouraging preliminary assay reports on the property, we are hopeful this will lead to the sale or other beneficial development transaction allowing us to leverage our investment in this promising piece of real estate."
IBK Capital is a prominent investment banking firm that primarily focuses on the mining sector.
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 as well as 13 mining claims and other assets known as the C.O.D. Property located near Kingman, Arizona.
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.
SOURCE: El Capitan Precious Metals, Inc.
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
