Blue Coast Securities Corporation issues Preferred Stock for its Mining & Mineral Rights Fund
Blue Coast Securities Corporation today announced the issuance of Convertible 9% Preferred Stock for its Mining & Mineral Rights Fund and its aim to Expand its portfolio holdings in North and South America.
- (1888PressRelease) September 17, 2013 - Los Angeles, California Blue Coast Securities Corporation, managers of "Blue Coast Mining & Mineral Rights Fund, Inc", today announced the issuance of a Convertible 9% Preferred Stock Class for its Mining & Mineral Rights Fund.
The fund's main focus is on early stage North & South American mining ventures with 70% of the portfolio allocated to the sector at launch, although this can change over time.
"While commodities in general have performed very well this year, new mining companies and mining production in North America have lagged in comparison the demand for precious metals" said Blue Coast Securities Corporation's CEO, Mr. Steven J. Muehler. "Research shows that precious metals shares are some of the most undervalued they have been relative to the precious metals prices since 1984."
The Fund may also invest roughly 10% in European Mining Companies and Mining Ventures and 10% of its portfolio in Pacific Rim Mining Companies and Mining Ventures. Another 10% will be allocated to Precious Metals Mining Companies and Precious Metals Mining Ventures in Africa.
The Fund's main exposure is in the Country's of the United States, Canada, Brazil and Latin America. However Fund managers at Blue Coast Securities Corporation will avoid "areas like Russia and the Middle East where political risk is high," Said Mr. Steven J. Muehler.
The Fund aims to provide long-term capital growth by investing in companies engaged in the production of precious metals, base metals, water rights and coal.
Blue Coast Mining & Mineral Rights Fund, Inc. is not using a selling agent or finder in connection with this offering of Convertible 9% Preferred Stock. Blue Coast Mining & Mineral Rights Fund, Inc. will be using a series of Websites (www.BlueCoastPrivateClient.com and www.BlueCoastSecuritiesCorp.com) as online portals and information management tools in connection with the Offering. The websites, www.BlueCoastPrivateClient.com and www.BlueCoastSecuritiesCorp.com are each owned and operated by Blue Coast Securities Corporation.
Blue Coast Mining & Mineral Rights Fund, Inc's Securities Offerings, SEC Registration Statements and other information will be available for viewing and download 24 hours a day, 7 days a week to registered and qualified investors at www.BlueCoastPrivateClient.com and www.BlueCoastSecuritiesCorp.com.
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