NEWS
posted on
Jul 22, 2015 08:35AM
Bravo Multinational Incorporated. currently being restructured to include its gaming operations along with mining interests
Just out early this morning:
"GoldLand Holdings Co. (GHDC) Announces Clarification on Its Relationship With Silver Falcon Mining, Inc.
TORONTO, ON--(Marketwired - Jul 22, 2015) - GoldLand Holdings Co. (OTC PINK: GHDC) announces that in completing a review of all past relationships, management provides a clarification on the Silver Falcon Mining, Inc. (SFMI) agreement.
GoldLand Holdings Co. leases 174.82 acres of its mining claims a top War Eagle Mountain, Idaho, to Silver Falcon Mining, Inc. Under the lease agreement, SFMI is responsible and obligated to pay GoldLand annual lease payments of $1,000,000, payable on a monthly basis and a royalty of 15%. The lease expires on October 1, 2026.
Chairman, Mr. John Gwynne Prosser II, stated, "In light of our reviews of all past deals and relationships, we are pleased to announce that we will continue to maintain a solid relationship with Silver Falcon Mining, Inc. (SFMI). We felt it was only right to continue the lease agreement with SFMI. We know for a fact that, not only are all lease agreements and claims still in the hands of both GHDC and SFMI, but there are numerous capital funding companies that are interested and planning on proceeding forward for both entities."
Mr. Prosser went on to say, "This is yet another great revenue generating opportunity for GoldLand Holdings, as the agreement and relationship continues to grow and become fulfilled. We are still in control of the leases, the claims and now the funding opportunities that we are bringing to the table as a team."
GHDC will add another unique division which will contain mining and precious metals, operating as a wholly owned subsidiary.
For further information contact Kara Craig, Investor Relations, YES INTERNATIONAL, 757-306-6090 and/or email yes@yesinternational.com; www.goldlandholdingscompany.com "
All very interesting if true. Prosser seems to have addressed the statements going around that GHDC's leases were lost. It is also interesting that Prosser specifically mentions SFMI's yearly lease payments- it would seem that he thinks SFMI will somehow be able to come up with the money- unless of course this is more pressure on PQ. Once again, though, there is more of the "this is what we plan to do" rather than "this is what we have done". Looking forward to seeing substantive announcements of funding and acquisitions.