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RAKR Rainmaker Worldwide Inc (PK)

0.00095
-0.00005 (-5.00%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Rainmaker Worldwide Inc (PK) USOTC:RAKR OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.00005 -5.00% 0.00095 0.0009 0.001 0.001 0.00095 0.00095 224,000 18:33:12

Gold & Silver Mining of Nevada, Inc.’s Subsidiary CJT Mining, Announces the Acquisition of New Assets

16/04/2014 12:00pm

Business Wire


Rainmaker Worldwide (PK) (USOTC:RAKR)
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The agreement states that no additional shares are to be issued until $11 million net income is earned and when $61 net income is earned

Gold & Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF), a junior mining company in Nevada, is pleased to confirm the formal signing of several major agreements, allowing for assets and new claims to become part of the processing and ownership of CJT Mining, Inc. CJT Mining, Inc. is the mine operating company and a wholly owned subsidiary of CJTF. All assets are owned in the name of CJT Mining, Inc. and are co-owned on a 50/50 basis with Collins Mining.

As part of the acquisition process, additional shares of Gold and Silver Mining of Nevada, Inc. (Stock symbol CJTF) stock will be exchanged upon net income reaching defined levels. The first level is triggered when $11 million net income to CJT Mining has been earned from the new properties, resulting in 11 million shares being issued. When $61 million net income to CJT has been earned from the new properties, then 22 million shares will be issued.

The company is now fully vested with many years of production ready assets in several states. The properties are being exchanged for company stock according to a schedule as the properties come into production. The first properties are projected to generate cash flow in 2014 with all of the properties expecting significant cash flow by 2016.

Visit to our web site at www.goldandsilvermining.com and OTC Markets (CJTF) news and note the other news releases about production for 2014 as well (http://www.otcmarkets.com/stock/CJTF/quote).

About Gold and Silver Mining of Nevada, Inc.

We are a Gold and Silver Mining company focused on developing and bringing into production mining properties in Nevada, Arizona and California that are ready to come into production in the near future.

For more information, please visit our web site and/or call Investor Relations at: 801-679-3945.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Gold and Silver Mining of Nevada, Inc.Investor Relations:A. Fredericks, 801-679-3945

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