United Resource Holdings Group, Inc. Announces Acquisition of Control of Noble Technologies Corp., Annual Shareholders Meetin...
16 Juli 2012 - 4:38PM
Marketwired
United Resource Holdings Group, Inc. (PINKSHEETS: URHG) ("URHG")
announced today that URHG has acquired a control position in Noble
Technologies Corp. ("NTC"), which operates a beneficiation facility
that recovers precious metals from mineral ores and ore
concentrates.
The acquisition of NTC occurred on July 16, 2012 by URHG's
private purchase of approximately eighty-seven percent (87%) of the
total issued and outstanding common stock of NTC. This acquisition
was effected by a share for share exchange of common stock in the
ratio of one (1) URHG share for every three (3) NTC shares and the
new issuance of 53,150,515 shares of URHG common stock. Prior to
the acquisition by URHG, NTC was a privately held company with no
public market for its securities.
NTC currently has validly issued operating permits from the
Nevada Department of Environmental Protection ("NDEP") in the form
of a Water Pollution Control Permit, an Air Quality Class II
Permit, and a Mercury de Minimus Permit. NTC is located
approximately twenty (20) miles from Reno, Nevada within the
Reno-Tahoe Industrial Center in Storey County, Nevada. URHG intends
to operate NTC as a majority-owned subsidiary and report NTC's
operations on a consolidated basis with URHG's financial
statements.
An annual meeting of shareholders of URHG was held on July 6,
2012. At the meeting, the shareholders elected the following
directors for the upcoming year: (i) Mr. Robert G. Kilroy, Esq.
(Chairman); (ii) Mr. Mark A. Kersey; (iii) Mr. Charles T. Mahoney;
(iv) Mr. Robert D. Quinn; and (v) Mr. Dana M. Low.
The newly elected Board of Directors of URHG held its annual
meeting immediately following the annual meeting of shareholders of
URHG on July 6, 2012, and appointed the following officers: (i) Mr.
Mark A. Kersey as President; (ii) Mr. Robert G. Kilroy, Esq. as
Secretary; and (iii) Mr. Charles T. Mahoney as Treasurer.
About United Resource Holdings Group,
Inc.: United Resource Holdings Group, Inc. is a U.S.-based
natural resource exploration and development company, focused on
the acquisition of mining equipment and the development of gold and
other precious commodity projects that demonstrate a reasonable
probability for near term production. In addition, the company
operates a beneficiation process plant that recovers precious
metals from mineral ores and ore concentrates on behalf of its
captive mining properties and on behalf of third party mining
companies. The company is quoted on the OTCPK under the symbol
"URHG."
Notice Regarding Forward-Looking
Statements: This news release may contain "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, including but not limited to, the
accomplishment of any of our plans listed for 2012 such as any
acquisitions, geophysics, production, construction projects,
drilling programs or results from such programs, and the timelines
within which such items may be accomplished, as referred to in this
news release.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration, development, and production. We are not in
control of metals prices and these could vary to make development
uneconomic. These forward-looking statements are made as of the
date of this news release, and we assume 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 we believe that the 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. Investors
should consult all of the information set forth herein and that
which is made publicly available by us from time to time.
Contact: Mark A. Kersey (775) 851-4700
United Resources (CE) (USOTC:URHG)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
United Resources (CE) (USOTC:URHG)
Historical Stock Chart
Von Jun 2023 bis Jun 2024