King Resources (KING) Message To Shareholders
28 Março 2012 - 4:45PM
Marketwired
King Resources, Inc. (PINKSHEETS:KING) (www.king-resources.com)
management is providing the following update to its followers and
shareholders.
-- Regarding merger completion, with Grid Grabber we wish to confirm that
merger process will be announced very shortly.
-- The Grid Grabber web site is back up and in operation. KING management
apologizes to KING's followers and shareholders for the delay. Grid
Grabber was subject with a hacking issue, however this was caught in
time and has been resolved. The Grid Grabber's website is up and
operating now. It may however take a day or so to propagate through the
Internet (depending on the readers geographical location) with the new
IP numbers.
-- KING has paid the required fee to OTC Markets to become an OTC reporting
company. We expect to be in the position to file our Adequate Disclosure
and financials on or before April 5, 2012. (We are awaiting a FOB
security key from OTC Markets)
-- KING has retained a security lawyer to review its Adequate Disclosure
filings. That legal opinion will be filed shortly after.
-- KING's management would like to take this opportunity to advise its
followers that the company intends to operate two separate and unique
subsidiaries. A primary and a secondary subsidiary. One being the Grid
Grabber as previously announced which will be the company's secondary
subsidiary. KING management anticipates to be in the position to
announce the primary merger candidates shortly as well. The primary
operating subsidiary will either be a South American lithium mining
company or a North American mining company. The (sic) mining silver
property with $ 40,000,000.00 proven and $ 60,000,000.00 of confirmed
indicated reserves of silver in it.
-- King management is moving forward with a mindset of making KING a great
company with great future appreciation for its followers, shareholders
and stakeholders.
King management intends to release more details and information
on a timely and frequent basis.
About King Resources, Inc. (KING)
The company is a convergence of leading businesses that
capitalize on new green technology, creativity, reputation and
expertise to develop and exploit opportunities in real life,
consumer savings and environmental changes that improve the quality
of life and increases the profitability of the company at the
sometime.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of King
Resources, Inc., that constitutes forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. King Resources, Inc. cautions you that
any forward-looking information provided by or on behalf of King
Resources, Inc. is not a guarantee of future performance. None of
the information in this press release constitutes or is intended as
an offer to sell securities or investment advice of any kind. King
Resources, Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond King Resources,
Inc.'s control. In addition to those discussed in King Resources,
Inc.'s press releases, public filings, and statements by King
Resources, Inc.'s management, including, but not limited to, King
Resources, Inc.'s estimate of the sufficiency of its existing
capital resources, King Resources, Inc.'s ability to raise
additional capital to fund future operations, King Resources,
Inc.'s ability to repay its existing indebtedness, the
uncertainties involved in estimating market opportunities, and in
identifying contracts which match King Resources, Inc.'s capability
to be awarded contracts. All such forward-looking statements are
current only as of the date on which such statements were made.
King Resources, Inc. does not undertake any obligation to publicly
update any forward-looking statement to reflect events or
circumstances after the date on which any such statement is made or
to reflect the occurrence of unanticipated events.
Contacts: Investor Relations www.minamargroup.net/helpdesk
Investor Relations Department Inquiry www.minamargroup.com/updates
King Resources Inc.corporate@king-resources.com
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