By PR Newswire Last Update: 6/14/2006 9:25:39 AM Data provided by
TORONTO, June 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- (EQBM.PK & E5W.F) - Equitable Mining Corp. has arranged financing for operations so it can pursue engineering drilling exploration.
"Financing for operations has been agreed upon to include engineering and drilling exploration on existing sites and new ones as we acquire new properties," said Jim Adams, Director of Equitable Mining Corp. These capital outlay funds are being arranged project by project.
The company also indicates that the joint venture agreements for developing its properties in Northern Ontario, South America and China are now being reviewed by the company's lawyers. Equitable will outline the joint ventures once the documents are signed.
The final signing of the Dalian, China mine tailings project has been delayed as the principals have been dealing with tropical storms at the site.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
TORONTO, June 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- (EQBM.PK & E5W.F) - Equitable Mining Corp. has arranged financing for operations so it can pursue engineering drilling exploration. "Financing for operations has been agreed upon to include engineering and drilling exploration on existing sites and new ones as we acquire new properties," said Jim Adams, Director of Equitable Mining Corp. These capital outlay funds are being arranged project by project.
The company also indicates that the joint venture agreements for developing its properties in Northern Ontario, South America and China are now being reviewed by the company's lawyers. Equitable will outline the joint ventures once the documents are signed.
The final signing of the Dalian, China mine tailings project has been delayed as the principals have been dealing with tropical storms at the site.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
SOURCE Equitable Mining Corp.
CONTACT: Equitable Mining Corp, Jim Adams, (416) 410-3995, info*equitablelifeinvestments.com
Vagabond
-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
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Looking good at this point. Should see increase in pps today. China is the biggy though! glta
Posts: 42 | From: contractor | Registered: Jun 2006
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"The company also indicates that the joint venture agreements for developing its properties in Northern Ontario, South America and China are now being reviewed by the company's lawyers. Equitable will outline the joint ventures once the documents are signed."
Sounds prommising that the JV's will take place!
Posts: 769 | From: Hotizona | Registered: Aug 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by 10of13: LMAO...anyone else...?? News?!
Yeah.....too bad there is no provision to delete on this board....don't want to be redundant!
Vagabond
-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
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Do yourself a favor. Dont sell a share until China is signed, sealed and delivered. It will be mega. glta
Posts: 42 | From: contractor | Registered: Jun 2006
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I thought the buzz was just in my heads. I've got to stop the late nights
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Yes. Later part of next week. Maybe the first part of next. Before July 1. glta
Posts: 42 | From: contractor | Registered: Jun 2006
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Timetables are great, but we have to be realistic and keep everything within perspective. These are multi-million dollar deals. Everything is coming together nicely for EQBM. Just be patient. glta
Posts: 42 | From: contractor | Registered: Jun 2006
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quote:Originally posted by rimasco: wheres my biOtch shihah22?
He got the buy price he wanted!
Vagabond
-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
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I have no reason to BS. I am in this boat with you. I want more than anyone to see EQBM to be successful. glta
Posts: 42 | From: contractor | Registered: Jun 2006
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By the way, stars dont mean much to me, however my rep is a different story. Just be patient. We are sitting pretty right now. glta
Posts: 42 | From: contractor | Registered: Jun 2006
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Another exciting day on the EQBM front. MM games are a joke
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by J_U_ICE: Another exciting day on the EQBM front. MM games are a joke
I thought the news might have a little more impact on the pps
I thought the same but not discouraged in the least added yesterday and will add again today if it dips again
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
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EQBM has financing! Its time to start digging. Why get discouraged. The pps will rise in due time. Just be patient! This is awesome news! glta
Posts: 42 | From: contractor | Registered: Jun 2006
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