SOURCE: Vanguard Mining Corporation

Vanguard Mining Corporation

December 08, 2014 06:00 ET

Vanguard Mining Reports on Due Diligence of Vietnam-Based Silica Company, Plans to Consummate Acquisition and Launch New Product Lines

NEW YORK, NY and HANOI, VIETNAM--(Marketwired - Dec 8, 2014) - Vanguard Mining Corporation (OTC PINK: VNMC) (NASDAQ: VNMC) today announced that the Company successfully conducted a site visit to perform a due diligence review of a silica company based in Central Vietnam that owns an 85.15-hectare silica sand concession and has operated a 5-hectare factory since 2006. The Company is pleased with the additional findings and plans to quickly work towards the consummation of the proposed acquisition.

Currently the target silica company offers high-grade foundry sand products, silica powders and raw materials for high-quality ceramics industry for both the Vietnamese domestic and export markets in 10 countries.

VNMC has agreed with the target company's management on plans to expand into a number of new product lines including fiberglass, white carbon and hydraulic-fracturing sand, which should add approximately $100 million in revenues and 15-20% net profits within two years.

VNMC is in the process of engaging an independent appraiser to determine the fair value for the consummation of the acquisition and also reviewing the development plans for the new product lines.

Rao Mankal, CFO of VNMC, stated, "We are very pleased with our recent due diligence findings and look forward to completing the next steps to consummate this transaction. We believe this cooperation and development plan will create significant additional value for shareholders of both companies."

About VNMC

Founded in 1987, Vanguard Mining Corporation, a Nevada corporation, is building and developing a portfolio of mineral assets in Southeast Asia, including gold, copper, limestone, gypsum, granite and sand. We have also investigated mineral asset opportunities in other geographical areas.

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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.

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