El Maniel International, Inc Issues Open Letter to Shareholders
06 Setembro 2011 - 9:36AM
El Maniel International Inc (Pink Sheets:EMLL) is pleased to issue
an Open Letter to its valued shareholders to provide shareholders'
update up to the fourth quarter of its fiscal year ending September
30, 2011 and forward statements for the quarters beyond.
Dear Valued Shareholders,
Firstly, we would like to thank our shareholders for their
continued interest and support for our company. We are now
entering into the fourth quarter of our fiscal year and it was an
exciting transition year for our Company in so many ways.
We entered into the gold business domain by securing significant
interest in alluvial gold mining claims in Ghana, West Africa in an
initiative towards positioning the gold business domain as
forefront to our business plans in becoming an international junior
gold mining company through acquisitions of plots A, B, C and D as
well as our gold trading business. Our West African ventures are
progressing smoothly and successfully generated maiden income as we
became a revenue generating company since the previous quarter.
The Company's financial results and disclosures are currently
up-to-date and available online via www.otcmarkets.com and we had
also successfully up-listed to the OTC Pink Current Information
tier. Under the OTC Pink Current Information Tier, shareholders can
trade with greater liquidity as they enter a new level of
investment possibilities where doors are opened for more and larger
brokerages to further expand trading in the Company's common
stock.
One of our most exciting accomplishments during the fiscal year
occurred in the previous quarter where we ventured into Papua New
Guinea (PNG) in Australasia under our gold business domain plans.
The assay report from the samples taken during our exploration
visit to the project site situated in the Timun River of Enga
Province, PNG generated promising results that exceeded our initial
expectations with a high gold purity of 76.97% which supported our
decisions to accelerate pilot operations. We will capitalize on the
golden opportunities in PNG and in my opinion, the following
quarters will be very promising for EMLL in the following ways:
- We will be announcing the commencement of our accelerated pilot
operations in PNG and the commissioning of our alluvial gold
processing plant very soon as we are very excited with the
projected gold reserves of the mining claim at 270,000 ounces with
potential value of about $500 million based on current gold prices.
- We anticipate our pilot alluvial gold processing plant for the
processing of gold ore to be fully operational at 100% capacity and
our engineer also reiterated that it is possible for us to achieve
alluvial gold production rate of 300 to 350 ounces per month during
the initial months of pilot operations.
- We will invite shareholders to our open house in Papua New
Guinea when our pilot operations are up and running for an
opportunity to witness the our alluvial gold production as well as
to meet the key management of El Maniel International, Inc.
- We are in discussions to acquire additional alluvial gold
mining interest in PNG so as to increase the economies of scale of
our operations in PNG as well as to add value to our Company by
capitalizing on the rising gold prices through production and new
acquisitions.
We would also like to take this opportunity to inform our valued
shareholders that the Company is not planning for any reverse
splits and there are also no plans to increase the authorized
shares of the company in the near future. Furthermore, the
affiliates of the Company including the Chief Executive Officer has
no plans of selling any shares into the market and the Company's
share buy-back program will continue throughout the one year time
frame or until we believe that our stock price is no longer
undervalued. However, we believe that in the near term, we will be
seeing stronger support in our stock prices as the market adjusts
itself to reflect the true value that we bring to the Company.
Once again, we would like to thank all our shareholders for the
continuous support and confidence in our Company. We remain
committed in delivering value to our shareholders and more updates
are coming soon – stay tuned!
Sincerely,
Jamie Khoo,
CEO/President
El Maniel International, Inc
About El Maniel International, Inc:
El Maniel International Inc is a publicly traded company
currently focusing in the gold business domain including but not
limited to trading, prospecting, developing and expanding the
economic potential of its world class mining claims and the company
is committed in creating shareholder's value by ensuring constant
development of current and new resources in its global gold
business domain. For further information and updates, visit
www.elmaniel.com
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risk and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's
expectations or future events.
CONTACT: Investor Relations
El Maniel International, Inc
(212) 726-2179
ir@elmaniel.com
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