Pensacola, FL, December 11, 2012 – EnviroXtract, Inc. (OTC PINK: EVXA) Board of Directors has received an approved Amendment to its Articles of Incorporation with the State of Wyoming that has changed the name of the corporation from EnviroXtract, Inc. to Mission Mining Company. The name change to Mission Mining Company officially became effective with the Wyoming Secretary of State on November 19, 2012. The Company plans to immediately begin procedures necessary to file a corporate action with FINRA to effect a formal change of its listed name and ticker symbol on OTC Markets Pink Sheets.
Pursuant to a formal Agreement executed between EnviroXtract, Inc. and Western Gold Company, LLC, that effected the acquisition by EnviroXtract, Inc. of 100% ownership in the six BLM claims that make up the Nevada Gold Star mining property, the Company will immediately begin restructuring its Common and Preferred stock under the terms of the Agreement. A reverse split of the Company’s stock is anticipated to occur in conjunction with the FINRA filing for name and symbol changes. In exchange for its transfer of 100% ownership rights to six BLM claims that make up the Gold Star mining property, Western Gold Company, LLC, will exercise its option to effect the issuance of an additional series of Preferred stock to Western Gold Company (or its Assigns), in conjunction with a stock split and the issuance of new shares and/or the redemption of existing Common and Preferred shares as necessary for Western Gold Company, LLC, (or its Assigns) to control approximately 90% of both the Common and Preferred stock in the Company. Under the terms of the Agreement, new Common shares issued to Western Gold Company, LLC, would be registered in a formal registration statement within 120 days of the date of issuance.
EnviroXtract, Inc. (soon to become Mission Mining Company) has changed its primary industry and business model from technology development to a concentrated focus on gold and silver mining. The Company has recently acquired 100% ownership in the Gold Star mining property in western Nevada, holding an estimated $725 Billion in total Measured, Indicated, and Inferred gold and silver reserves. The Gold Star Mine is a large, desert placer mining property in Esmeralda County, Nevada, near the town of Goldfield. It is comprised of six U.S. Bureau of Land Management claims making up 960 acres of total land area. The Gold Star Mine promises to be a cornerstone development project, under which EnviroXtract plans to pursue the mining and production of gold and silver ores. Continuing its commitment to restructure the Company on behalf of its shareholders, Management has made a decision to focus on the acquisition and development of large US gold and silver mining properties.
As a result of the acquisition of the Gold Star Mine, the Company has increased its total assets by $400 Million, as reflected in its 3rd Quarter Financials filed with OTC Markets. Additional announcements regarding changes to the Company’s Management team and Board of Directors are forthcoming.
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Carlton Wingett – CEO
Phone – 888-459-4889