Gold & Silver Mining of Nevada, Inc.’s Subsidiary CJT Mining, Announces the Acquisition of New Assets
16 April 2014 - 9:00PM
Business Wire
The agreement states that no additional
shares are to be issued until $11 million net income is earned and
when $61 net income is earned
Gold & Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF), a
junior mining company in Nevada, is pleased to confirm the formal
signing of several major agreements, allowing for assets and new
claims to become part of the processing and ownership of CJT
Mining, Inc. CJT Mining, Inc. is the mine operating company and a
wholly owned subsidiary of CJTF. All assets are owned in the name
of CJT Mining, Inc. and are co-owned on a 50/50 basis with Collins
Mining.
As part of the acquisition process, additional shares of Gold
and Silver Mining of Nevada, Inc. (Stock symbol CJTF) stock will be
exchanged upon net income reaching defined levels. The first level
is triggered when $11 million net income to CJT Mining has been
earned from the new properties, resulting in 11 million shares
being issued. When $61 million net income to CJT has been earned
from the new properties, then 22 million shares will be issued.
The company is now fully vested with many years of production
ready assets in several states. The properties are being exchanged
for company stock according to a schedule as the properties come
into production. The first properties are projected to generate
cash flow in 2014 with all of the properties expecting significant
cash flow by 2016.
Visit to our web site at www.goldandsilvermining.com and OTC
Markets (CJTF) news and note the other news releases about
production for 2014 as well
(http://www.otcmarkets.com/stock/CJTF/quote).
About Gold and Silver Mining of Nevada,
Inc.
We are a Gold and Silver Mining company focused on developing
and bringing into production mining properties in Nevada, Arizona
and California that are ready to come into production in the near
future.
For more information, please visit our web site and/or call
Investor Relations at: 801-679-3945.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. This news release may contain forward-looking
statements. Forward-looking statements are inherently subject to
risks and uncertainties, some of which cannot be predicted or
quantified. Future events and actual results could differ
materially from those set forth in, contemplated by, or underlying
the forward-looking statements. The risks and uncertainties to
which forward looking statements are subject include, but are not
limited to, the effect of government regulation, competition and
other material risks.
Gold and Silver Mining of Nevada, Inc.Investor Relations:A.
Fredericks, 801-679-3945
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