DGAP-News: United Mining Group, Ltd Lists on OTCQX Market in the USA
(firmenpresse) - United Mining Group / Key word(s): Miscellaneous
30.11.2010 18:03
---------------------------------------------------------------------------
Vancouver, British Columbia: United Mining Group, Inc. (the 'Company'),
(TSX: UMG Frankfurt: UM8; OTCQX: UMGZF) is pleased to announce that the
Company's common shares commenced trading today on the OTCQX in the United
States under the ticker symbol 'UMGZF'.
United Mining Group began trading today on the OTC market's prestigious
tier, OTCQX International. Investors can find current financial disclosure
and Real-Time Level 2 quotes for the company on www.otcqx.com and
www.otcmarkets.com.
Charles Pitcher CEO of United Mining Group commented, 'The OTCQX has
garnered a positive reputation for providing investors improved liquidity,
transparency, superior information along with easy access through their
U.S. regulated broker dealers, which will provide our US investors with
improved access to our equity market'.
Merriman Capital, Inc. will serve as the United Mining Group's Principal
American Liaison ('PAL') on OTCQX, responsible for providing guidance on
OTCQX requirements.
About United Mining Group
United Mining Group is a profitable, vertically integrated mining company
with operations in Idaho, USA. The Company offers a full suite of mining
services including contract mining to silver miners in the district. The
Company owns its own custom welding and fabrication shop allowing it to
repair/rebuild equipment for its own use and for outside mining companies.
The Company is currently earning, through development and operations, an
80% interest in the Crescent Silver Mine adjacent to the Sunshine Silver
Mine in the Silver Valley. The Crescent Mine has historically produced 25
million ounces of silver at an average grade of 27.3 opt (SRK Consulting
43-101 report, March 1, 2010). UMG currently has an indicated resource of
6.1 million ounces silver (324,000 tons grading 18.7 opt silver) and
additional inferred resources of 4.1 million ounces silver (211,000 tons
grading 19.5 opt silver).
UMG is committed to building a senior silver-producing mining company based
on aggressive exploration and development of the highly-prospective current
land position at Crescent and through the acquisition of additional silver
interests.
For more information about the Company, please visit:
www.unitedmininggroup.com
On behalf of the Board of Directors,
'Charles Pitcher'
Charles Pitcher
Chief Executive Officer
FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements, which address future events and conditions, which are subject
to various risks and uncertainties. Forward looking statements in this
press release include that the listing on OTCQX will provide our US
investors with improved access to our equity market, that we are building a
senior silver-producing mining company, that we will have aggressive
exploration and development of our current land position at Crescent, that
our land is the highly-prospective for mining and that we will make
acquisitions of additional silver interests. The Company's actual results
and financial position could differ materially from those anticipated in
such forward-looking statements as a result of numerous factors, some of
which may be beyond the Company's control. These factors include: results
of exploration activities and development of mineral properties,
fluctuations in the marketplace for the sale of minerals, the inability to
implement corporate strategies, the inability to obtain financing, currency
fluctuations, general market and industry conditions and other risks
disclosed in the Company's filings with Canadian Securities Regulators.
Past production of minerals and encouraging exploration results are not
necessarily indicative of a commercially exploitable resource.
Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as
such, undue reliance should not be placed on forward-looking statements.
The Company expressly disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise.
The TSX Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the content of this news release.
FOR MORE INFORMATION, PLEASE CONTACT:
Greg Stewart
Tel: +1 208.682.9018
gstewart(at)unitedmininggroup.com
30.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Datum: 30.11.2010 - 18:03 Uhr
Sprache: Deutsch
News-ID 32757
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 256 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: United Mining Group, Ltd Lists on OTCQX Market in the USA"
steht unter der journalistisch-redaktionellen Verantwortung von
United Mining Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
