CAMBRIDGE, Mass., March 1, 2012 /PRNewswire/ -- Markray Corp
(Pinksheets: RVBR) announced today that following the interest of
its financial partner to acquire the outstanding shares of the
Company as well as all the rights to the options the Company has to
process additional minerals, it contacted the major shareholder to
discuss the matter.
The major shareholder, Olga Smolinkova , expressed an interest
to sell her stock but not at any price. She confirms that the
report made under National Instrument 43-101 stipulates that the
value of the assets of rare earth minerals exceed $5 billion and that he extraction process is not
difficult.
She stated, '' The value of the assets are enormous and I would
not even think of an offer under $1.00.'' She adds, ''The Company is stable
and it should not be given away since its potential is assured; a
minimum of capital will permit production to grow by
multiples.''
She also pointed out that there are only 195,294,00 shares that
are outstanding as stipulated on the OTC website and not over
400,000,000 outstanding shares as reported on certain
financial sites.
The Company shall continue negotiations and expect results early
next week.
About Markray
Markray is in the business of extracting precious metals from
stockpiles of raw material. A geological audit of its current
reserves concludes that there are the following minerals in the
stockpile currently being processed:
|
Gold:
|
2,393,600
ounces
|
|
Silver:
|
26,033,920 ounces
|
|
Platinum:
|
26,720
ounces
|
|
Iron:
|
20,800,000
tons
|
The company plans to acquire additional facilities to increase
its reserves. Each facility shall be processed by a unique modular
plant.
Contact:
Andrei Smirnoff
asmirn@newmail.ru
Forward-Looking Statements
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the
future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include the fluctuations in the price of gold and in the event of
severe weather conditions. These forward-looking statements are
made as of the date of this news release, and the Company assumes
no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those
projected in the forward-looking statements. Although the Company
believes that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that such beliefs, plans, expectations or intentions will
prove to be accurate.
SOURCE Markray Corp
