CJT Financial, Inc. Merges with Mining Company
09 September 2010 - 11:10PM
Marketwired
CJT Financial, Inc. ("CJTF") (PINK SHEETS: CJTF), a Nevada
corporation, today announced that it has agreed and completed a
reverse merger with APMD Holdings, Inc. (Anderson Precious Metals),
the effect of which makes APMD Holdings, Inc. a wholly owned
subsidiary of CJT Financial. APMD Holdings, Inc. will change its
name to, and the company will operate under the name, CJT Mining.
Because of a reverse stock split immediately prior to the
reverse merger, through September 10, 2010 the stock will trade
under the symbol "CJTFD", after which time it will change back to
"CJTF".
Following the reverse merger, CJT Mining's business now
constitutes CJT Financial's sole business with its office in Utah
and its principal operations set to get underway in Nevada. N. Fred
Anderson has been appointed as Chairman and President.
At the closing of the merger, CJT Financial issued approximately
212,000,000 shares of its common stock to the stockholders of APMD
for approximately 88% ownership of the combined entity. The
combined company has approximately 240 million shares of common
stock issued and outstanding. As a result of the merger, each share
of common stock of APMD Holdings, Inc. is now exchangeable for
1.67794 shares of common stock of CJT Financial.
"This reverse merger gives CJT Mining immediate access to public
markets and provides greater growth opportunities by creating value
for shareholders," said Fred Anderson, Chairman and President. "The
CJT Financial, Inc. and the APMD Holdings, Inc. merger and issuance
of CJT Financial stock for APMD Holdings, Inc. stock have created
an opportunity to simplify and strengthen our corporate identity
and brand."
About CJT Mining
The company CJT Mining, Inc. is focused in precious metals
mining and processing of massive ore bodies located in central
Nevada mining districts. The company has lode mining and placer
mining claims in two mining districts. The minerals located in the
lode mining claims, placer mining claims and mill site claims in
these mining districts have been previously drilled and evaluated
by a very respected Geologist/Mining Engineer and extensive
records, analysis, maps, pictures, drill logs and assays have been
acquired with the staking, purchase, filings and/or leases of the
mining claims of the various assets.
Critical path planning to map out the mining and processing of
these assets are the primary focus of the company. The company is
not looking for ore but is in the process of developing previously
identified ore bodies, which are not mined out and which have a
previously studied mining history. Announcements regarding
additional properties will be made one property at a time when
sufficient investigation and required legal due diligence and/or
staking/filing is completed.
For more information, please visit www.cjtmining.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended.
Statements contained in this press release that are not
statements of historical fact are "forward-looking statements" as
that term is defined under federal securities laws, including,
without limitation, all statements concerning expectations,
beliefs, goals, intention or strategies for the future of CJT
Mining. Forward-looking statements may be identified by words such
as "goals", "plans", "believes", "will", "expects" and other words
of similar meaning used in conjunction with, among other things,
discussions of future operations, financial performance, product
development and new ventures. Many factors could cause actual
events or results to differ materially from those expressed in any
forward-looking statement. This document is not a solicitation to
invest. Investors are cautioned not to place any undue reliance on
any forward-looking statements. We undertake no obligation to
publicly update or revise any forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking
statements.
Contacts: Success Global Investor Relations Virginea Stuart
212-504-2921 virginea@success-ir.com Success Global Investor
Relations Brian Collins 250-519-0363 brcollins@shaw.ca
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