CAMBRIDGE, Mass., March 2, 2012 /PRNewswire/ -- Markray Corp
(Pinksheets: RVBR) announced today that the Company has received an
offer to purchase all its outstanding shares. This is a result of
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.
The offer is in excess of $1.00
per share due to both the large rare earth mineral stockpile and
the options to the rights of exploitation.
The Board shall examine the offer and render the information
public on March 6, 2012.
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
