SOURCE: Mabwe Minerals Inc.
FREEHOLD, NJ--(Marketwired - Dec 6, 2013) - Mabwe Minerals Inc. (OTCQB: MBMI) (the "Company"), a natural resources company engaged in the mining and commercial sales of industrial minerals and metals, is pleased to announce the successful closing of the WGB Kinsey Equity Exchange Agreement, entered into October 29th, 2012, with all parties mutually agreeing to waive the stock dilution clause with no additional shares to be issued to WGB Kinsey or any other form of compensation.
Due to favorable events unfolding in Zimbabwe, Mabwe Minerals' relationship with WGB Kinsey is rapidly expanding to include pursuing new business opportunities together.
Anthony Kinsey, Managing Director of WGB Kinsey & Company, stated, "We recognize the many opportunities that exist by being affiliated with a publicly traded company. We believe there are many misperceptions assumed with doing business in Zimbabwe while our country is focused on creating favorable conditions to encourage foreign investment into the mining sector. We believe Mabwe Minerals is undervalued and we welcomed the opportunity to finalize the Equity Exchange Agreement to the benefit of all shareholders. We are making great progress at Dodge Mine. The Mabwe Minerals management team visits Zimbabwe often. They have kept their word on every commitment, unlike many others before them. We consider them family."
About Mabwe Minerals Inc.
Mabwe Minerals Inc. is a U.S. based natural resources and hard asset company engaged in the mining, logistics and commercial sales of industrial minerals and metals, with first focus on barite. The company's operations are conducted through its Zimbabwe parent/holding affiliate, Mabwe Corporation (Private) Limited, which includes wholly owned subsidiary Mabwe Minerals Zimbabwe (Private) Limited and minority owned WGB Kinsey & Company.
To learn more about Mabwe Minerals, visit: www.mabweminerals.com or www.dtg.fm/MBMIPresentation.
Notice Regarding Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" ("FLS") within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. Mabwe Minerals Inc. has no specific intention to update these statements.