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CMV China Minerals Mining Corp

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Share Name Share Symbol Market Type
China Minerals Mining Corp TSXV:CMV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

China Minerals Mining Corporation: New Strategic Growth Plan

31/08/2011 8:01am

Marketwired


China Minerals Mining Corporatio (TSXV:CMV)
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From Jun 2019 to Jun 2024

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China Minerals Mining Corporation ("China Minerals" or the "Company") (TSX VENTURE: CMV)(PINK SHEETS: HWTHF) advises that the Company is about to articulate and implement a new strategic growth plan.

Subsequent to the change of the Board of Directors in late May and the establishment of the Management Committee in mid July, the Company as assisted by its advisors has conducted an extensive review of its current assets, which include the Table Mountain and the Taurus gold projects. The review suggests that fairly intensive further investment in exploration is required to prove up the potential and further advance these properties. To mitigate exploration and development risk, the Company is exploring various options for the current assets including joint ventures and potential third party acquisition.

The Management Committee working closely with very skilled and experienced advisors is evaluating undervalued assets from our "project pipeline", searching for opportunities with significant upside potential. The financing of the early phases of work on the selected targets will be from our own cash resources, and additional financing can be available from other financial sources that the Company is connected with.

The Management Committee will facilitate implementation of this strategy for growth. The Company's treasury of approximately 7.6 million dollars provides it with the financial resources to pursue all options available to protect and build shareholder value.

About China Minerals Mining Corporation

China Minerals Mining Corporation is a Vancouver based exploration and development company with offices located in both Vancouver and Beijing. China Minerals Mining Corporation's ambition is to build an international mining company with an appropriate portfolio.

For more information on China Minerals, you can visit the website at www.chinamineralsmining.com.

ON BEHALF OF THE BOARD OF DIRECTORS

David Bo, Executive Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

Contacts: China Minerals Mining Corporation David Bo Executive Chairman (604) 629-1505 or Toll Free: 1-888-629-1505 www.chinamineralsmining.com

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1 Year China Minerals Mining Corporatio Chart

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1 Month China Minerals Mining Corporatio Chart