EX-99.1
3
ex_99-1.htm
PRESS RELEASE ANNOUNCING THE EXECUTION OF A DEFINITIVE AGREEMENT DATED JUNE 17, 2009
ex_99-1.htm
Exhibit 99.1
Minatura
Gold (MGOL)- Announces Execution of Definitive Agreement for Gold Mining
Acquisition (99,000 + Acres)
Medellin,
Colombia, SA -- Minatura Gold, (OTCBB:MGOL) announced today that it has executed
a definitive agreement with Gold Resource Partners, LLC ("Gold Resource"), a
Nevada limited liability company, to Merge into Minatura Gold as a wholly owned
subsidiary.
The
Merger with Gold Resource will provide Minatura Gold with the ownership of 60%
of Gold Ventures 2008, LLC, and eventually with 100% of Minatura Nevada Corp.,
100% of Camicol SA, along with various other mining properties located in
Colombia, including the San Pablo Gold Mine, an ongoing mining operation that is
in production, located in the mining district of Segovia-Remedios. Minatura Gold
is also currently negotiating final terms on the acquisition of the remaining
40% interest in Gold Venture 2008, LLC. In April, Minatura Gold announced the
signing of three Letters of Intent pertaining to the above entities. These
entities are being contracted for purchase through the Merger with Gold
Resource, and a contract being negotiated with a related entity.
Upon
completion of the Merger with Gold Resource and the acquisition of the remaining
40% interest in Gold Venture 2008, LLC, Minatura Gold will own and operate
mining concessions in Colombia, in addition to owning a dredging equipment
manufacturer capable of producing mining equipment utilized in mining
operations. The mining concessions located in the mining districts of Antioquia
and Caldas Colombia, currently include in excess of 99,000 acres of mining
property. Dredging equipment built and supplied by Minatura Nevada Corp., a
subsidiary of Gold Resource is currently on location at the Coco Hondo site in
Colombia and received permits in February of 2009 to commence mining operations,
which are anticipated to start production in Q3.
Paul
Dias, spokesman for, and a founder of Gold Resource, indicated that, "meetings
in Medellin, Colombia and the due diligence procedures for all concerned were
moving forward as anticipated." Under the terms of the definitive agreement, it
is anticipated that Mr. Dias will become a director and the new CEO of Minatura
Gold.
Bill
McVey, a founding member of Gold Resource stated, "I am excited to see these
gold mining entities and opportunities brought under one public company, it
should provide consistency in project planning, focus of purpose, transparency
to stockholders, and integrated management." It is anticipated that concurrent
with the completion of the Merger with Gold Resources, that Bill McVey will join
the board of directors of MGOL.
Minatura
Gold cautions investors in acquiring stock in the company as the result of the
above transactions, as the definitive agreement contains material conditions yet
to be completed, such as the completion of audited financial statements of the
entities involved.
Forward-Looking
Statement: The statements in this press release regarding any implied or
perceived benefits from the Merger with Gold Resource and, plans to own and
operate mining concessions and any other effects resulting from any of the above
are forward-looking statements. Such statements involve risks and uncertainties,
including, but not limited to, our ability to complete the acquisitions, the
continued ownership and operation of mining concessions, production of gold at
historical rates, costs of operations, delays, and any other difficulties
related to producing minerals such as gold, continued maintenance of the
operating business, price of gold, marketing and sales of produced minerals,
risks and effects of legal and administrative proceedings and governmental
regulation, especially in a foreign country, future financial and operational
results, competition, general economic conditions, and the ability to manage and
continue growth.
Should
one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially from those
indicated. Important factors that could cause actual results to differ
materially from the forward-looking statements we make in this news release
include market conditions and those set forth in reports or documents we file
from time to time with the SEC. We undertake no obligation to revise or update
such statements to reflect current events or circumstances after the date hereof
or to reflect the occurrence of unanticipated events.
For
Further information go to www.minaturagold.com
Contact:
Minatura
Gold
Paul
Dias, (310) 755-5830

EX - 99 . 1 3 ex _ 99 - 1 . htm PRESS RELEASE ANNOUNCING THE EXECUTION OF A DEFINITIVE AGREEMENT DATED JUNE 17 , 2009 ex _ 99 - 1 . htm Exhibit 99 . 1 Minatura Gold ( MGOL ) - Announces Execution of Definitive Agreement for Gold Mining Acquisition ( 99,000 + Acres ) Medellin , Colombia , SA -- Minatura Gold , ( OTCBB : MGOL ) announced today that it has executed a definitive agreement with Gold Resource Partners , LLC ( " Gold Resource " ) , a Nevada limited liability company , to Merge into Minatura Gold as a wholly owned subsidiary . The Merger with Gold Resource will provide Minatura Gold with the ownership of 60 % of Gold Ventures 2008 , LLC , and eventually with 100 % of Minatura Nevada Corp . , 100 % of Camicol SA , along with various other mining properties located in Colombia , including the San Pablo Gold Mine , an ongoing mining operation that is in production , located in the mining district of Segovia - Remedios . Minatura Gold is also currently negotiating final terms on the acquisition of the remaining 40 % interest in Gold Venture 2008 , LLC . In April , Minatura Gold announced the signing of three Letters of Intent pertaining to the above entities . These entities are being contracted for purchase through the Merger with Gold Resource , and a contract being negotiated with a related entity . Upon completion of the Merger with Gold Resource and the acquisition of the remaining 40 % interest in Gold Venture 2008 , LLC , Minatura Gold will own and operate mining concessions in Colombia , in addition to owning a dredging equipment manufacturer capable of producing mining equipment utilized in mining operations . The mining concessions located in the mining districts of Antioquia and Caldas Colombia , currently include in excess of 99,000 acres of mining property . Dredging equipment built and supplied by Minatura Nevada Corp . , a subsidiary of Gold Resource is currently on location at the Coco Hondo site in Colombia and received permits in February of 2009 to commence mining operations , which are anticipated to start production in Q3 . Paul Dias , spokesman for , and a founder of Gold Resource , indicated that , " meetings in Medellin , Colombia and the due diligence procedures for all concerned were moving forward as anticipated . " Under the terms of the definitive agreement , it is anticipated that Mr . Dias will become a director and the new CEO of Minatura Gold . Bill McVey , a founding member of Gold Resource stated , " I am excited to see these gold mining entities and opportunities brought under one public company , it should provide consistency in project planning , focus of purpose , transparency to stockholders , and integrated management . " It is anticipated that concurrent with the completion of the Merger with Gold Resources , that Bill McVey will join the board of directors of MGOL . Minatura Gold cautions investors in acquiring stock in the company as the result of the above transactions , as the definitive agreement contains material conditions yet to be completed , such as the completion of audited financial statements of the entities involved . Forward - Looking Statement : The statements in this press release regarding any implied or perceived benefits from the Merger with Gold Resource and , plans to own and operate mining concessions and any other effects resulting from any of the above are forward - looking statements . Such statements involve risks and uncertainties , including , but not limited to , our ability to complete the acquisitions , the continued ownership and operation of mining concessions , production of gold at historical rates , costs of operations , delays , and any other difficulties related to producing minerals such as gold , continued maintenance of the operating business , price of gold , marketing and sales of produced minerals , risks and effects of legal and administrative proceedings and governmental regulation , especially in a foreign country , future financial and operational results , competition , general economic conditions , and the ability to manage and continue growth . Should one or more of these risks or uncertainties materialize , or should underlying assumptions prove incorrect , actual outcomes may vary materially from those indicated . Important factors that could cause actual results to differ materially from the forward - looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC . We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events . For Further information go to www.minaturagold.com Contact : Minatura Gold Paul Dias , ( 310 ) 755 - 5830