Category: Baystreet Newswire
Date: Tuesday, July 01, 2014
LAS VEGAS, and HANOI, Vietnam / ACCESSWIRE / July 1, 2014 / Vanguard Mining Corporation (Pink sheets: VNMC) today announced that the Company signed a rescission agreement with Linh Thanh Quang Binh High Calcium Carbonate Powder Exploiting and Processing Joint Stock Company ("LTQB") and its original controlling shareholders to terminate the Company's majority stake in LTQB, retroactively June 28, 2010, in order to focus on mining activities in Indonesia.
The Company cautions potential investors not to rely on its historical financial information that has been published heretofore to make any investment decisions with respect to the Company's securities.
The Company will proceed to execute its exploration and mining plans in Indonesia and complete its financial audits in order to file a registration statement with the Securities and Exchange Commission to resume its fully reporting status as well as upgrade the trading venue of the Company's stock. The Company's common stock used to trade on the NASDAQ Stock Market and Over-the-counter Bulletin Board in the past.
Mai Hoa Nguyen, VNMC's Chairperson and President, stated: "We believe it is in the best interest of the shareholders of both companies to terminate the previous agreement between VNMC and LTQB so that LTQB may independently choose the most appropriate course of action with respect to its high calcium carbonate project in Quang Binh Province, given Vietnam's current socio-economic backdrop, and VNMC may devote its resources to develop new mining opportunities in Indonesia at the present."
About Vanguard Mining CorporationVanguard Mining Corporation, a Nevada corporation established in 1987, is currently building a portfolio of mineral assets in Southeast Asia, including gold, copper, limestone, and manganese in Indonesia. The company has also investigated mineral asset opportunities in other geographical areas. http://www.vnmcglobal.com
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Tony Nguyen, Executive Vice President
Vanguard Mining Corporation Corp.
SOURCE: Vanguard Mining Corporation