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MC Jervois Mining Limited

0.19
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Jervois Mining Limited TSXV:MC 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% 0.19 0.17 0.19 0 00:00:00

Mill City Poised to Advance Despite Challenging Market Conditions

13/01/2014 1:15pm

Marketwired Canada


MILL CITY GOLD CORP. ("Mill City" and/or the "Company") (TSX
VENTURE:MC)(OTCBB:MCYGF)(FRANKFURT:NJ6) is pleased to provide a continuing
update on the execution of the Company's ongoing reorganization plan. The plan
is designed to give shareholders a fresh opportunity to take advantage of some
of the compelling project values available today in the mining industry. 


As previously stated in its December 19, 2013 news release
http://millcitygold.com/_resources/news/nr_2013_12_19.pdf, the Company has
completed the following steps to that endeavour:




--  Completed a 17:1 share consolidation in June 2013,
     
--  Reduced its current project portfolio costs while preparing for an
    acquisition(s),
     
--  Raised initial capital of $200,000 cash in November 2013,
     
--  Reduced its share structure to just 15,659,515 shares outstanding, and
     
--  Identified numerous deeply discounted, high value acquisition
    opportunities in uranium and precious metals.



Jim Brown, Mill City President, comments, "We are very encouraged by the quality
of uranium and precious metals projects that are available to us at a small
fraction of the capital previously invested in their development by other
companies. Therefore, we are taking the steps necessary to acquire and finance
one or more of these opportunities for our stakeholders." 


The Company is now prepared to execute the next phase of its plan: to acquire a
new project(s). Although Management continues to investigate several such
opportunities, no definitive negotiations or agreements have yet to occur. 


About Mill City Gold Corp.

Mill City Gold Corp. is a TSX Venture Exchange listed mining exploration company
that is focused on identifying and acquiring advanced precious metals and
uranium projects in the most favorable mining jurisdictions around the world. 


For further information please  visit the Company's website at www.millcitygold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

James R. Brown, Chairman, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this Release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mill City Gold Corp.
Jim Brown
Chairman, President & CEO
403-640-0110
www.millcitygold.com

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