Plateau Secures $60,000,000 in Financial Backing and Guarantee Instruments for Acquisition and Funding of New Operations and Pro
08 February 2011 - 5:13AM
Marketwired
Plateau Mineral Development, Inc. ("Plateau Metals") (PINKSHEETS:
PMDP) announced it executed a Formal Financial Guarantee and
Commitment for $60,000,000. This financial guarantee is backed by
cash and cash-equivalents on custodial deposit with Deutsche Bank
and the Company's Investment Banker partners. The Company shall use
this equity instrument to complete certain key acquisitions and
additions to its operations in the area of production properties
and international trans-shipment surety and underwriting business
units.
The Company anticipates the announcement of the first of these
key acquisitions and the material terms of same over the coming
week. These new operations are in addition to the company's current
operations of international trans-shipment under its agreements
totaling approximately $25,000,000 per annum. The new operational
additions are expected to significantly increase revenues and
assets.
Investors are reminded the Company recently changed its
operational strategy and executive teams. The Company will not
change its name and the transaction does not involve a
reverse-split of its stock. No new shares of common stock have, or
will be, issued as part of the change-over to new management and
operations. The issued and outstanding shares (approx. 4.7 billion)
immediately subsequent to completion of the transaction were equal
to pre-transaction shares.
Investors will timely receive complete disclosures and financial
statements immediately subsequent to the consolidation of the
company's new incoming operations.
The Company intends to complete its USA-compliant financial
audits and register its securities with the US Securities and
Exchange Commission.
The Company will continue to disclose its projections,
operational plans, and marketing strategies in the days to
follow.
About Plateau
Plateau Metals provides precious metal shipping, access to
production, transaction underwriting, and related services. Plateau
operates across the world through its agents and offers service to
multiple jurisdictions. Plateau offers complete solutions to buyers
and sellers of precious metals that include storage, shipping, and
transaction underwriting and arbitrage.
Plateau also acquires, develops, integrates and operates
strategically aligned precious metal assets in worldwide markets
where expansion is planned through additional investments to
support organic growth; thereby providing significant revenue, and
equity growth.
The company's operations are distributed across multiple
international time zones with executives and agents located in
client-appropriate locales. The company's website is
www.plateaumetals.com.
Safe Harbor Statement:
This information includes certain "forward-looking statements."
The forward-looking statements reflect the beliefs, expectations,
objectives and goals of the Company management with respect to
future events and financial performance. They are based on
assumptions and estimates, which are believed reasonable at the
time such statements are made. However, actual results could differ
materially from anticipated results. Important factors that may
impact actual results include but are not limited to commodity
prices, political developments, legal decisions, market and
economic conditions, industry competition, the weather, changes in
financial markets and changing legislation and regulations. Matters
discussed in this press release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include
but are not limited to risks and uncertainties associated with the
impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors detailed in reports filed by the Company.
Forward-looking statements are intended to qualify for the safe
harbor provisions of Section 21E of the Securities and Exchange Act
of 1934, as amended.
CONTACT: Plateau Metals Investor Relations New York:
1.917.463.3364 London: +(44) (0)20 337 17122 Fax: +(44) (0)208 338
0655 info@plateaumetals.com
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