CJTF $12.5 Million Note Receivable Is On Track
Gold & Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF), a junior mining company in Nevada, announces that it's $12.5 million portion of a $25 million Note Receivable announced in June is on track for disbursal of funds.
- (1888PressRelease) October 29, 2014 - An October 3, 2014 news release by the mining company with claims being developed adjacent to our Goldfield Basin properties confirms that they have received the first part of their funding package, a $65 million loan amount from the same funding/debtor group who are to pay us (CJT Mining, Inc. and Co-owner) our $25 million by February 2015.
CJTF owns and has $12.5 million due and payable by February 3, 2015 as per completed contracts.
The combined $25 million note receivable funds of CJT Mining and co-owner will allow further development of the mine sites being developed by both CJT Mining and co-owner.
Visit the OTC Markets (CJTF) news and note the other news releases about production for 2014 as well (otcmarkets.com/stock/CJTF quote).
Visit our web site at goldandsilvermining.com.
About Gold and Silver Mining of Nevada, Inc.
We are a Gold and Silver Mining company focused on developing and bringing into production mining properties in Nevada, Arizona and California that are ready to come into production in the near future.
For more information, please visit our web site and/or call N. Fred Anderson at: 801-679-3945.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws.
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management's assessment of plans and operations and are based on the company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Contact:
Gold and Silver Mining of Nevada, Inc.
Investor Relations:
N. Fred Anderson 801-679-3945.
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