BEIJING, Oct. 15 /PRNewswire-FirstCall/ - www.monacorporation.com PINKSHEETS: MONA.PK is pleased to announce the company is currently negotiating the acquisition and or a merger of a Peru-based mining company. The Company in question has two properties under development. The first is a gold resource, while the second is a promising copper exploration property. Both are located in key areas of interest in the foothills of the Andes mountains.
MonArc has entered into the due diligence stage of negotiations, and will be providing more detail on the properties shortly, after management review is completed.
Peru is an increasingly important natural resources market, with a number of major mining corporations having made large investments in bringing gold mines into production, perfectly timed with the rise of gold commodity prices, and continued strength of gold, given the recent economic turmoil.
Company spokesperson Mary Yang commented, "Our initial review of the data and presentations made by the mining company merit serious attention. If the data proves out, this could be the next major undertaking for MonArc, and an excellent way to add value to our shareholders. As investors following our stock have seen, we have delivered a number of stock and cash dividends to MonArc shareholders when we divest companies within our portfolio."
Our webmaster has been tasked with uploading pictures of these mining properties onto the corporate website at this link http://www.monacorporation.com/perugoldmine/
For corporate matters contact:
corporate@monacorporation.com
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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