Western Sierra Announces Development Agreement and Updates Business Model
10 Juli 2014 - 9:13PM
Business Wire
Western Sierra Mining Corp., (OTC Pink: WSRA) announced
today that it has executed an agreement with Aspen Development
Corporation to assist it with an initial public offering. Aspen is
a real estate development company that specializes in the
acquisition, rehabilitation and resale of residential properties in
the Denver and Mountain markets. Western will utilize its $52
million asset base to provide bridge financing and will draw upon
its experienced consulting relationships to provide Aspen with the
real estate industry and other expertise required for the
development and implementation of its business plan and in
obtaining financing through an initial public offering. In exchange
for these financing and consulting services Western will receive
ownership in Aspen. Western also intends to build upon its recently
completed acquisition of water rights in Northern Colorado to
increase its $52 million asset base. The Company will be making
additional announcements about Aspen and its other natural
resource-related projects.
About Western Sierra Mining Corp
Historically, Western Sierra Mining Corporation has focused on
the strategic acquisition, sale, joint venture, management and
extraction of precious metals. In order to take advantage of
current and forecast market trends, opportunity and demand, WSRA
intends to aggressively pursue development of the water rights and
gold and silver assets it currently owns and to simultaneously
pursue a diversification into other natural resource-related
projects. Over the coming weeks and months, WSRA will begin
systematically implementing its new business model resulting in the
creation of new commodity based endeavors to the direct benefit the
Company’s shareholders.
For purchase or additional information:
Contact: Mr. Dennis Atkins 405-330-8395
dennisatkinscpa@gmail.com
Mr. Michael Chaffee 928-680-5513
wsrm@citlink.net
Safe Harbor
This press release contains statements, which may constitute
“forward-looking statements” within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Western Sierra Mining Corp. and members of
its management as well as the assumptions on which such statements
are based. Prospective Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Cautionary note to U.S. investors: The U.S. SEC limits
disclosure for U.S. reporting purposes to mineral and other
deposits that a company can economically and legally extract or
produce. Certain terms, such as “reserves”, “resources”, “geologic
resources”, “measured,” “indicated” and “inferred”, may not be
consistent with the reserve definitions established by the SEC.
U.S. investors are urged to consider to review and obtain copies of
our filings from OTC Markets.com. In addition, while the terms
“measured,” “indicated” and “inferred” mineral resources are
required pursuant to NI 43-101, the Commission does not recognize
such terms. Canadian standards differ significantly from the
requirements of the Commission, and mineral resource information
contained herein and in the documents incorporated herein by
reference is not comparable to similar information regarding
mineral reserves disclosed in accordance with the requirements of
the Commission. Investors should understand that “inferred” mineral
resources have a great amount of uncertainty as to their existence
and great uncertainty as to their economic and legal feasibility.
In addition, investors are cautioned not to assume that any part or
all of our mineral resources constitute or will be converted into
reserves.
Western Sierra Mining Corp.Mr. Dennis Atkins,
405-330-8395dennisatkinscpa@gmail.comorMr. Michael Chaffee,
928-680-5513wsrm@citlink.net
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