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CWRN Cotton and Western Mining Inc (GM)

0.000001
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cotton and Western Mining Inc (GM) USOTC:CWRN OTCMarkets 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% 0.000001 0.000001 0.000001 0.00 01:00:00

CWRN: B.O.D Extends 90 Day Freeze on Issuing Free Trading Shares

13/08/2009 1:30pm

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Cotton and Western Mining (GM) (USOTC:CWRN)
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Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) announced today that the Board of Directors by consent resolution extended its freeze on issuing new free trading shares for another 90 day period. The total number of free trading shares has remained at 299,304,162 since May of 2009. The unannounced action resolution was put into force in May, pending the success of a negotiation involving the execution of an agreement with a buyer - financier for the Baja Pacific Iron Mining Project. Since the Company completed its exploration activities in Baja California in late 2008, the Company has reduced its general and administrative cost to a bare minimum and has reserved its cash in response to the down-turn in the steel industry. The recent surge in the China Seaborne Trade has been a welcomed sign of improved market conditions for the iron ore trade and has brought with it the renewed optimism for the successful start-up of the Baja Pacific Iron Mining Project. It is most certain that the Company will begin preproduction activities at the Baja Pacific N0.14 magnetite iron mineral reserve before the end of September, 2009. The purpose of the freeze on issuing new free trading shares is to eliminate any further dilution of the Company's stock, keeping it at the current level and letting the market settle the value of the Company once a revenue stream is generated; this also will insure that no reverse split of the Company's stock will be executed as the Company moves forward.

"Free Trading Shares of CWRN as of August 13, 2009"

Issued and Free Trading Shares : 299,304,162

About Cotton & Western Mining, Inc.

Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) was founded in early 2005 as a Nevada Corporation by Robert L. Cotton, with a specific plan and goal in mind; that being, to operate a low cost and high profit junior "Iron Mineral Mining" company. For more information, please visit the company's website at www.cottonwestern.com.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact: e-media Direct, Inc. Investor Relations (866)284-2835 info@e-mediadirect.com

1 Year Cotton and Western Mining (GM) Chart

1 Year Cotton and Western Mining (GM) Chart

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1 Month Cotton and Western Mining (GM) Chart

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