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United Development International Signs Purchase Agreement for Gold Mine with $300,000,000 Proven Reserves Wednesday January 26, 10:00 am ET
LAS VEGAS--(BUSINESS WIRE)--Jan. 26, 2005--As part of their aggressive plan to expand and develop revenue-generating properties, United Development International (Pink Sheets: UDVE - News) has signed a purchase agreement with a private mining firm for a mining property in central British Columbia, Canada. The mine has previously produced and has approximately 800,000 ounces of gold that are classified as proven reserves which at today's closing spot price has a gross value of over $300,000,000.
The company is committed to increasing shareholder value. The management team behind United Development International is recognized for its ability to forge positive relations with mining partners and successfully acquire mining properties.
Additional information about this exciting property will follow shortly.
United Development International is quoted on NQB: Pink Sheets as "UDVE."
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
-------------------------------------------------------------------------------- Contact: United Development International Staff, 250-319-3442
-------------------------------------------------------------------------------- Source: United Development International
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