SHENZHEN, China, June 9, 2014 /PRNewswire/ -- China Shouguan Mining Corporation (CHSO) is proud to announce today that it has signed a memorandum of understanding with Tong Guan Hong Ji Mining Company ("Tong Guan") to lease Tong Guan's business assets for one year with the intend to acquire afterwards should the operation deemed successful and profitable for China Shouguan.
Tong Guan is located in ShanXi province with equipment and technical professionals specializing in applying mud cyaniding technology on tail mineral sites. These processes not only allow extraction of Gold and other precious metals from the tail mineral sites, but also vastly improve the mining areas' ecological environment which is a key objective of the local Government.
Mr. Feize Zhang, China Shouguan's CEO, said, "This co-operation with Tong Guan is not just a good business sense, it is also an environment friendly endeavor. It goes a long way to demonstrate that China Shouguan is a socially responsible company."
About China Shouguan Mining Corporation
China Shouguan Mining Corporation is a highly efficient gold mining exploration and development Company in the gold rich zones of Shandong and Hei Longjiang provinces in China. The Company acquires or leases under-performing mines in major mineral zones, then funds their expanded exploration and production utilizing industry leading technologies. China Shouguan is planning to acquire mining operations in Australia, N. America and SE Asia and is focused on uplifting to NASDAQ by 2015.
Website: http://www.chinashouguan.com
Safe Harbor Statement This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
China Shouguan Mining Corp.
Cherry Tian
ir@chinashouguan.com
+86-755-8252-0008