CAMBRIDGE, Mass., March 12, 2012 /PRNewswire/ -- Markray Corp
(Pinksheets: RVBR) announced last week that the Company has
received an offer to purchase all its outstanding shares. This
follows from 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 to purchase all the outstanding shares of the Company
is $.90 per share.
The Board concurs with this offer but must now present the offer
to the major shareholders for consideration. Upon acceptance, the
Board shall follow the normal procedures to complete the
transaction.
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