CWRN: Shareholders at Option on $0.15 Buyout Tender
02 March 2011 - 3:05AM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN)
A buyout tender of $0.15 cents for all issued and outstanding
common shares of Cotton & Western Mining, Inc. was recently
rejected by the Board of Directors; however, the Majority
Shareholders, Robert L. Cotton & Sharon Vazquez have decided
that the offer from Freedom Network should be disclosed to our
shareholders as further thoughts on the matter are being evaluated
and considered. As a shareholder of Cotton & Western Mining,
Inc., each one should have the options available on an individual
basis; therefore, we are providing the following information for
your consideration:
OFFERING PARTY: FREEDOM NETWORK
ADDRESS: 2002 N. LOIS AVE, TAMPA, FLORIDA U.S.A. 33607
PHONE: 1 800 590 4523
CHIEF EXECUTIVE OFFICER: MR. MICHAEL JACOBS
ELECTRONIC MAIL: help@freedomnetworkinvestments.com
WEB PAGE: www.freedomnetworkinvestments.com
The following letter from Mr. Jacobs is herein under
paraphrased:
"In lieu of the fact that you have decided not to accept our
buyout offer of $0.15 per share, the board and I are deliberating
the possibility of increasing our buyout offer. The 2011 projected
earnings of Cotton and Western, the recent acquisition of the
additional mine and the rising iron prices add significant value to
your company. The board and I believe that a potential buyout in
the range of $0.18 per share may be warranted. We are reviewing a
number of investment opportunities as we continue to diversify in
the small-cap arena. Nevertheless, we hope to consummate a deal in
the coming days with your company. Information regarding where
shareholders may tender their shares will be provided at the
appropriate time, once an official offer has been approved by all
parties."
Sincerely, Michael Jacobs CEO
Notes: The Baja Pacific -- "Mina
Guadalupe" is operated by Panamerican Minerals Ventures, S.A. de
C.V., Ensenada, Baja California, under contract with CWRN and held
in trust for CWRN by its principal officers and directors, Robert
L. Cotton and Sharon Vazquez.
A collection of photographs posted on a U-Tube video by an
unknown party, has recently come to our attention and it reflects
the progress of the Baja Pacific Mining Project from day one
through stockpiling finished products at the Port of Ensenada,
interested parties may view the collection at:
http://www.youtube.com/watch?v=BxcFCjKd7OU; thanks to whomever put
it together.
Related News: China Seaborne Trade, Spot
Price Iron Ore may be viewed at the following link: Metal Bulletin
Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) a Nevada
Corporation that is engaged in metal mineral exploration,
development and operations for "Iron Mineral Mining". For more
information, please visit the company's website at
www.cottonwestern.com.
Safe Harbor: Statements regarding
financial matters in this press release other than historical facts
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that
such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to
be dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
Cotton & Western Mining, Inc. +1 713 482 7593
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