DGAP-News: North Thunder Bay Mining Co. Ltd.: North Thunder Bay Mining Acquires Interest in Singfil Corporation
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North Thunder Bay Mining Co. Ltd.: North Thunder Bay Mining Acquires
Interest in Singfil Corporation
07.12.2011 / 12:51
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North Thunder Bay Mining Acquires Interest in Singfil Corporation
Toronto, Canada -- December 5, 2011 North Thunder Bay Mining Co. Deutsche
Börse symbol: 84NN (www.norththunderbay.com), is pleased to announce that
it has acquired a 25% interest in Singfil Corporation (Singfil) in exchange
for USD $500,000.
Singfil is a relatively young privately-owned corporation in the water
purification and supply industry. It recently signed it's first major bulk
water supply contract with the Masbate-Mobo Water District in the Island
Province of Masbate located in the Bicol region of the Philippines. The
contract will see Singfil deliver 7,000 cubic meters of potable water to
the district daily. The contract is valued at roughly $650,000 in gross
revenue annually.
The water will be drawn from the Masbate River, and treated in a new water
treatment facility which is currently beginning construction. The funds
from the acquisition will help fund the construction of the facility, which
is slated to go online in May, 2012.
Fresh potable water is in short supply in the district. Currently, there
are hundreds of local water peddlers supplying water by push cart in order
to meet neighborhood household needs. The water is usually drawn from
private wells, and the quality of the water is inconsistent at best, due to
the lack of proper purification methods.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of North Thunder Bay Mining Co.'s plans, goals and expectations
regarding its future financial condition, performance, results, strategy
and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans',
'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will'
and variations of these words or similar expressions are intended to
identify forward-looking statements. In addition, any statements that refer
to expectations, beliefs, plans, projections, objections, performance or
other characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. Forward-looking
statements in this press release are not promises or guarantees of future
performance and are subject to risks and uncertainties that could cause
North Thunder Bay Mining Co.'s actual results to differ materially from
those anticipated. North Thunder Bay Mining Co. cautions the reader not to
place undue reliance upon any such forward-looking statements. These
forward-looking statements involve known and unknown risks as well as
uncertainties, including those discussed herein as well as the following:
(i) domestic and global economic and business conditions; (ii) market
related risks and the performance of financial markets generally; (iii) the
policies and actions of regulatory authorities; (iv) the impact of
competitive factors; (v) risks and uncertainties associated with future
acquisitions or combinations within relevant industries; and (vi) changes
in capital, solvency or accounting standards as well as tax and other
relevant legislation or regulations in the jurisdictions in which North
Thunder Bay Mining Co. operates. The actual results that North Thunder Bay
Mining Co. achieves may differ materially from any forward-looking
statements which are based on management's Disclaimer&Safe Harbor
Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of North Thunder Bay Mining Co.'s plans, goals and expectations
regarding its future financial condition, performance, results, strategy
and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans',
'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will'
and variations of these words or similar expressions are intended to
identify forward-looking statements. In addition, any statements that refer
to expectations, beliefs, plans, projections, objections, performance or
other characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. Forward-looking
statements in this press release are not promises or guarantees of future
performance and are subject to risks and uncertainties that could cause
North Thunder Bay Mining Co.'s actual results to differ materially from
those anticipated. North Thunder Bay Mining Co. cautions the reader not to
place undue reliance upon any such forward-looking statements. These
forward-looking statements involve known and unknown risks as well as
uncertainties, including those discussed herein as well as the following:
(i) domestic and global economic and business conditions; (ii) market
related risks and the performance of financial markets generally; (iii) the
policies and actions of regulatory authorities; (iv) the impact of
competitive factors; (v) risks and uncertainties associated with future
acquisitions or combinations within relevant industries; and (vi) changes
in capital, solvency or accounting standards as well as tax and other
relevant legislation or regulations in the jurisdictions in which North
Thunder Bay Mining Co. operates. The actual results that North Thunder Bay
Mining Co. achieves may differ materially from any forward-looking
statements which are based on management's beliefs and opinions at the time
the statements are made. North Thunder Bay Mining Co. does not undertake
any obligation to update forward-looking statements should circumstances or
management's beliefs or opinions change.
For further information please contact:
Medrado Pineda, CEO
Telefon: +1-416-800-6000
Email: info(at)norththunderbay.com
http://www.norththunderbay.com
North Thunder Bay Mining Co.
1 Hunter Street East
Hamilton, Ontario
L8N 3W1, Canada
End of Corporate News
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148950 07.12.2011
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Datum: 07.12.2011 - 12:51 Uhr
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