SOURCE: Uranium Hunter Corp.
TORONTO, ON--(Marketwired - Jan 6, 2014) - Uranium Hunter Corporation ("The Company") (OTC Pink: URHN) is pleased to announce that the Company has entered into a Memo of Understanding with Minas Core Mining Inc. to acquire 80% of its shares. Minas Core Mining Inc. owns and operates the Rio Petro Diamond Project in Brazil. Terms and conditions of the proposed definitive agreement will be disclosed by the Company in a subsequent press release.
Reno J. Calabrigo, President, stated "We are excited about the opportunity to participate in the further development of the Rio Petro Diamond Project in Brazil. Not only does the surrounding area have a long history of diamond production, we have been informed by Minas Core Mining Inc. that the Project has been identified as a 'model of success' by the Brazilian regulators and subsequently granted the only mining license in the area." "Our mission," stated Mr. Calabrigo "is to provide support and financial assistance to increase the Project's production through the modernization and expansion of its equipment, operations and facilities."
The Company further announced that the recently appointed management team is in the process of completing its financial statements and OTC disclosure documents, and anticipates its OTC Markets listing status to be reinstated to current immediately thereafter.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Uranium Hunter Corporation with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.