Torrance, CA, October 07, 2011 --(PR.com
)-- UBK Resources (OTC Pink: UBKR) is pleased to report that it has ratified a share exchange agreement with a UBK Resources S.R.L. Bolivia, privately held Bolivian company. Together, the merged company will explore and develop natural resources in Bolivia. UBK Resources S.R.L. Bolivia currently has joint venture projects in Bolivia to explore and develop natural resources, including gold, silver, manganese, zircon, and natural gas. It has already completed exploration and evaluation phase at all of its project sites.
The company will commence the planned development and production phase in coming weeks. There are two notable projects that the company is pursuing in Bolivia. They are as follows:
· Gold dust mine located in provincial Antonio Larecaja: initial exploratory drilling and sampling showed that the 900 Ha mine contains a minimum of 39,485lb (17910kg) of gold dust.
· Manganese mine located in Virgen de Copacabana: initial exploratory drilling and sampling showed that the 250 Ha mine contains a minimum of 3.8 million t of manganese (average of 60% Mn). The company plans to build a manganese smelting plant to produce manganese metal (99.7% Mn).
About UBK Resources Co.
UBK Resources Co. (OTC PINK: UBKR) is a company with interests in exploring and developing natural resources in developing countries. Using our prior relationships and experiences, we plan to build Private-Public partnerships in Latin America to discover, develop natural resources.
The Company’s initial plan is to focus on acquiring and developing mining operations that produce gold, silver, manganese, zircon, natural gas and other natural resources. We are currently building a partnership with a mining company in Bolivia to explore and develop natural resources together in the region.
The Company plans to successfully grow by acquiring mining companies in developing countries with high profit margins, and solid management teams in place. By providing access to financial markets, expanded marketing opportunities and operating expense efficiencies, the Company becomes the facilitator for future growth and higher long-term profits. In the process, new synergies among the acquired companies may develop, allowing for greater cost effectiveness, thus further enhancing each individual company’s strengths and shareholder wealth in the process.
About UBK Resources S.R.L. Bolivia
The vision of the founders of UBK Resources S.R.L. Bolivia is to be one of the most valued and respected mining company operating developing countries. In pursuit of this vision, they traveled all around country sides of Bolivia and building private public partnerships with industry leaders and experts in country. Currently the company has completed exploratory drilling and sampling in various potential mining sites around Bolivia and selected the few mining sites where it was believe to be most feasible. Two notable projects that the company is pursuing are the manganese exploration and production project in the Vergen de Copacabana and the gold dust exploration and development project in the provincial Antonio Larecaja.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to increase revenue and profits in the current economic climate; the effect of changing economic conditions; lack of sufficient financing for opening new pharmacies; inability to manage growth; and changes in government regulations, controls and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should," or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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Source UBK Resources Co.