United Resource Holdings Group, Inc. Acquires Pershing County Metal, Inc. and Dun Glen Mining Corp.
11 Maio 2011 - 10:12PM
Business Wire
United Resource Holdings Group, Inc. (OTCPK:URHG) announced
today that it has acquired Pershing County Metal, Inc. (“Pershing”)
and Dun Glen Mining Corp. (“Dun Glen”), each to be held as a wholly
owned subsidiary of URHG.
The acquisition of Pershing was made with URHG exchanging one
million two hundred thousand (1,200,000) shares of URHG common
stock for six hundred thousand (600,000) shares of Pershing common
stock. Pershing is a Nevada corporation that holds mining equipment
as its primary assets.
The acquisition of Dun Glen was made with URHG exchanging
fifteen million (15,000,000) shares of URHG common stock for six
hundred thousand (600,000) shares of Dun Glen common stock. Dun
Glen is a Nevada corporation that holds mining equipment and leases
on certain mining claims located in the Dun Glen Mining
District.
URHG intends to announce a detailed 2011 exploration and
development project plan for its recent acquisitions in the near
term. URHG’s CEO, Mark A. Kersey, stated, “Both acquisitions will
allow URHG to begin our exploration and development initiatives in
2011 and URHG will continue to seek mineral exploration and
development opportunities.”
About United Resource Holdings Group,
Inc.:
United Resource Holdings Group, Inc. is a U.S.-based exploration
and development company, focused on the acquisition of mining
equipment and the development of gold and other precious commodity
projects that demonstrate a reasonable probability for near term
production. The company is quoted on the OTCPK under the symbol
“URHG.”
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, the accomplishment of any of our
plans listed for 2011 such as any acquisitions, geophysics,
drilling programs or results from such programs, and the timelines
within which such items may be accomplished, as referred to in this
news release.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration. We are not in control of metals prices and
these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and that which is made publicly
available by us from time to time.
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