Jun 07, 2013 – OTC Disclosure & News Service – Las Vegas, NV – Mission Mining Company (OTC Pink: MISM)
Mission Mining Company has engaged counsel in order to initiate the process of drafting and filing its registration statement on Form S-1 in order to have access to more capital and to become a fully transparent, fully reporting ’34 Act company. The Company has engaged Matthew McMurdo, Esq., formerly of Brown & Wood, LLP, Bingham McCutchen LLP, Greenberg Traurig LLP, and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., to assist in the drafting of the Form S-1.
Additionally, the audit of the financial statements of the Company is near completion. Therefore, we expect the initial filing of the Form S-1 to occur in approximately one month. Mission Mining Company is taking these steps with a view towards bringing real value to the shareholders and removing itself from the inherent stigma of operating as a Pink Sheets company. The Company believes that with its over $400,000,000 of assets, as found on its financial statements, it is poised to up-list. Thereafter, the Company will look to list on various global exchanges and eventually seek a higher US listing.
About Mission Mining Company:
Mission Mining Company focuses on the acquisition and development of significant US gold, silver, platinum group metals, and rare earths mining properties pursuant to its business plan of expeditiously and prudently developing the owned / leased mining properties and placing them into full production. The Company has recently executed a mining / operating lease for the El Dorado mining property in San Bernardino County, California, and has acquired 100.0% ownership of the Gold Star mining property in Esmeralda County, Nevada. Historical geological reports on the two properties indicate substantial values in gold, silver, platinum group metals (PGM?s), and likely substantial but as yet untested amounts of rare earth elements (REE). As an important step in its mine development strategy, the Company plans to conduct additional, extensive, third party testing to be conducted by qualified and certified geologists, mining engineers, and assayers in respect of each of its mining properties so as to verify, validate, and clarify published in-ground resource quantities and values as stated in the existing / historical test reports, assays, and valuation reports. Management?s commitment to restructure the Company on behalf of its shareholders, as evidenced by the decision to focus on the acquisition and development of suitable US precious metals and rare earth mining properties represents a timely and prudent business opportunity, as the saleable products will not become obsolete, and there will always be a significant demand and liquid market for the metals / rare earths produced. As a result of the acquisition of the El Dorado Mine and the Gold Star Mine, the Company has significantly increased its total booked assets under GAAP, as reflected in its financial statements now on file with OTC Markets.
This release may contain ?forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and of Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of Mission Mining Company 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-looking statements include fluctuation of operating results, the ability to compete successfully in its market segment, and the ability to complete some or all of the 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