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.

Contact Information

  • For additional information or investor relations please call:

    U Mining Resources, Inc.
    Rejean Morin
    514 907 1142