PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Montague Holding International Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Montague International Holding Ltd Announces New Opportunities in an Exciting Mining Company - MIHL’s wholly owned subsidiary, MTG Mining has acquired a controlling interest in Sociedad Minera Baya of Lima Peru (“Minera Baya”). Minera Baya owns and operates a gold mining project known as “El Rincon Prohibodo” - MontagueHolding.com
Montague International Holding Ltd Announces New Opportunities in an Exciting Mining Company

 

NewswireToday - /newswire/ - Philadelphia, PA, United States, 2014/07/14 - MIHL’s wholly owned subsidiary, MTG Mining has acquired a controlling interest in Sociedad Minera Baya of Lima Peru (“Minera Baya”). Minera Baya owns and operates a gold mining project known as “El Rincon Prohibodo” - MontagueHolding.com. Pink Sheets: MIHL

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Today, Montague International Holding Ltd (MIHL) announced the following to the general investing community.

Background:
MIHL’s wholly owned subsidiary, MTG Mining has acquired a controlling interest in Sociedad Minera Baya of Lima Peru (“Minera Baya”). Minera Baya owns and operates a gold mining project known as “El Rincon Prohibodo”.

Studies:
Study 1 - An independent group of companies specializing in geophysical, geochemical and geological exploration were commissioned to conduct a geological study on the Minera Baya mine. That study, which was only based on 5% of the concession, estimated proven/probable mineral reserves in 4 different veins of 49,280 metric tons of ore with an average of 10.28 grams of gold per metric ton.
Study 2 An independent report compliant with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (‘the “JORC” Code) revealed in less than 2% of the concession, total gold resource is 30,275 metric tons of ore at an average grade 9.51 grams g/t gold containing 9,259 troy ounces of gold.
Study 3 - A third independent analysis was performed by a Canadian company who analyzed a 20.6 Kg sample of ore from one of the veins at Minera Baya. The final results revealed 80.5 grams of gold per ton of ore. The Canadian company uses a proprietary cyanide-free process for gold extraction. This technique was applied on the sample resulting in an increased extraction yield to 97.6%.

Offering:
MIHL seeks to raise $1.3 million in order to begin full mining operations at the Minera Baya facility. A minimal investment of $1,000 USD is required. All collected investments will be held in an interest bearing escrow account which will be held by a 3rd party, namely Guarantee International Escrow Inc. Interest will accrue at current market rates. Investments will be collected until the target is reached or until January 2015 whichever comes first. Participants in this offering will receive 1 unit investment which will be in proportion to the funds raised. MIHL will set aside 10% of the mine’s monthly revenues to be distributed to the investing participants in proportion to their unit investment. These revenues will be distributed monthly to the investing participants for the next 10 years or until the mine ceases to produce salable product.

This is not a solicitation to the general investing community. It is a statement of how MIHL seeks to fund and begin its mining operations. As with any investment, the investor is strongly urged to educate themselves as much as possible about the potential risks and to consider all options before making any commitment of capital. This opportunity bears significant risk and there exists the possibility the investor may lose some or all of their invested capital. No assurance is given by MTG Mining, MIHL or Minera Baya that this mine will produce any product or that even if product is produced that it can be sold at prices which will allow for a return of capital to an investor.

About Montague International Holding Ltd

Montague International Holding Ltd (montagueholding.com) MIHL focuses on seeking out, investigating and either acquiring or forming joint ventures with the owners of undervalued, underperforming business assets and companies across multiple sectors and regions. Our goal is to maximize the value of these assets for the benefit of their owners and our shareholders. We provide a wealth of resources and opportunity to these companies to solve their problems and to develop a working business strategy that enables them to maximize performance, enter new markets and cultivate expansion. Montague typically acquires a majority stake in its holdings, formulates a robust business plan, and puts in place the necessary expert management teams to maximize the value of the business for the benefit of all involved.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Montague Holding International Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


Montague International Holding Ltd Announces New Opportunities in an Exciting Mining Company

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: MontagueHolding.com 
267-352-3485 investorinfo[.]montagueholding.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Montague Holding International Ltd securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Montague Holding International Ltd / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

Metso Signs Three New Life Cycle Services Contracts with Mining Customers in Pacific Rim
Aluminum Composite Panels Market to Record an Exponential CAGR by 2025 Says PMR
Metso Signs Distribution Agreement with Process Control Equipment to Develop Customer Presence and Service Levels in the UK, Benelux and Spain
Metso Investing EUR 3.5 Million in Crusher Wear Parts Manufacturing in Africa to Meet Growing Demand from the Mining Industry
Persistence Market Research Publishes Calcium Sulfite Market Report - North America Dominates Global Industry Followed by Europe, and Japan
Persistence Market Research Publishes Glass Cleaning System Market Report - Ipceagle, Unger Global, ABC Window Cleaning Supply, TTS Cleaning Srl
Insee Aggregates Selects Metso to Supply A Complete Aggregate Processing Plant for their Suphanburi Quarry in Thailand
Atlas Copco Wins Orders from Hindustan Zinc to Enhance Mining Operations
GE and South32 Enter Digital Transformation Strategic Partnership
Metso & CDE Start Collaboration to Provide Comprehensive Solutions for the Manufactured Sand Market in India
Metso Honored with Best Foreign Entrepreneur 2016 Award in South Korea
New Metso Nordberg NP20 - Increased Capacity and Maintenance Friendliness for Aggregates Operators in Canada
Metso Digital Program Set to Accelerate Business Growth
Steady Technological Advancements Improve Opportunities for the South African Mining Explosives Market Finds Frost & Sullivan
Metso Launches Industry-changing Metso MX Crusher for Minerals Processing

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow Ltd

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)