SOURCE: U Mining Resources, Inc.
December 01, 2008 13:29 ET
U Mining Resources, Inc. Announces Corporate Restructuring
NEW YORK, NY--(Marketwire - December 1, 2008) - U Mining Resources, Inc. (PINKSHEETS: UMNG)
today announced the completion of the restructure of the company. The
Company Profile is to be updated as all of management has changed. New
directors have been appointed.
U Mining Resources, Inc. has also announced that it has elected Mr. Rejean
Morin as President and C.E.O. and will commence on December 3rd, 2008. He
will be heading and finalizing the negotiations concerning the gold mining
and development contract in Guinea, Africa. Additional members of the board
will be elected in the coming days.
In the same time frame a group of Canadian Investors have confirmed the
necessary financial backup in order to complete the gold mining development
project.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data,
constitute forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those stated or
implied by such forward-looking statements. The potential risks and
uncertainties include, among others, potential volatility in the company's
stock price, increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue and
profitability and fluctuations in its quarterly operating results. Please
also be advised that the company's stock is not currently registered with
the Securities and Exchange Commission.