BATON ROUGE, LA--(Marketwired - Feb 25, 2014) - NX Capital Co. (OTC Pink: NXCP) announced today that the Company has achieved OTC Pink Current reporting status as of this morning. The company filed the requested financial information and the OTC changed the reporting status today.
John Conroy, CEO for NX Capital said, "This is a significant accomplishment for the Company. This is the first step to becoming fully reporting with the SEC and is one of the triggers for securing the funding needed to move forward." Conroy further stated, "This is an exciting time for the Company and our shareholders, who have been patiently waiting for this turn of events. The Company will immediately launch efforts to complete our short term funding goals, which will provide the working capital needed to complete an audit, and Form 10K filings. It will also enable us to begin executing our business model in the Uranium sector."
NX Capital Co. is seeking to develop operations in the Uranium industry, with a focus in the Western United States. At the time of this release, the Company is currently identifying potential property acquisitions, though it has not finalized any new agreements. Management cannot make any assurances that it will be able to identify and close any such acquisition(s).
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with mining and energy exploration and development stage exploration companies including without limitation, other risks associated with private companies. At the time of the press release, the Company is not registered with the Securities and Exchange Commission (SEC).