CWRN: "Management Addresses CE Issue"
31 Januar 2011 - 12:19PM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) On January
12th, 2011 the Company received notification from Issuer Services
PinkOTC as paraphrased herein under;
"Pink OTC Markets has become aware of promotion regarding your
security. It is Pink OTC Markets policy to block the display of
quotations on otcmarkets.com for non-Current issuers and label the
company with the Caveat Emptor symbol. The Caveat Emptor can be
removed by complying with the following:"
CWRN is not, has not and shall not be running any promotions on
the Company. The Company has since become current on its annual
fees and is in the process of complying with Pink OTC Markets
requirements for display on otcmarkets.com website.
Baja Pacific Mining Project Update: The
"Mina Guadalupe" Iron Mineral Mining Project has begun extended
operations for material separation and heavy haul transportation to
the Pacific Ocean Port of Ensenada, Baja California, Mexico. The
Company will be shipping out of the Ensenada International
Terminal. Windows for bulk cargo loading is scheduled for Thursday
through Sundays. Bulk cargo vessels shall not be dispatched to the
port until a sufficient amount of cargo is delivered to the dock
side storage area. It is anticipated that the first shipment of
iron ore will be around the end of February. Contract for sales and
the confirmation of the buyer's Documentary Letter of Credit on
incoterms CFR, export from Mexico to the People's Republic of China
has been completed. Further shipments shall be on windows of access
at the loading berth.
Note: "Mina Guadalupe" is operated by
Panamerican Minerals Ventures, S.A. de C.V., Ensenada, Baja
California, under contract with CWRN and held in trust for CWRN by
its principal officers and directors, Robert L. Cotton and Sharon
Vazquez. The registration of Cotton & Western Mining, Inc.
U.S.A. with the Secretary of Economy, Mexico, as a foreign
investment company has been delayed pending the name change from
Cotton & Western Mining, Inc. to Panamerican Minerals Ventures,
Inc. All financial reporting shall be on a consolidated basis,
split between the U.S.A. and Mexico, under the terms and conditions
of the NAFTA agreement.
Related News: China Seaborne Trade, Spot
Price Iron Ore may be viewed at the following link; Metal Bulletin
Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) a Nevada
Corporation that is engaged in metal mineral exploration,
development and operations for "Iron Mineral Mining." For more
information, please visit the company's website at
www.cottonwestern.com.
Safe Harbor: Statements regarding
financial matters in this press release other than historical facts
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that
such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to
be dependent upon outside capital to sustain its existence. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from expected
results.
Contact: Cotton & Western Mining, Inc. +1 713 482
7593
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