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KELLOGG, IDAHO. Shareholders of Plainview
Mining Co. approved a merger with New Jersey Mining Co. yesterday
at a special shareholders meeting held in Kellogg, Idaho.
The merger, based upon a 2 to 1 New Jersey to Plainview exchange,
was approved by 59.1% of the Plainview shareholders. The merger
is now mandatory for the remaining Plainview shareholders.
As part of the approved merger agreement, New Jersey Mining
Co. assumed Plainview’s position on the OTC Bulletin
Board. New Jersey will trade under the symbol NJMC. Plainview’s
assets, including a 17.75% interest in the CAMP silver project
of the Coeur d’Alene Mining District, will be transferred
to New Jersey.
New Jersey is pleased to conclude the merger with Plainview
which will increase the number of shareholders, and increase
New Jersey’s exposure to investors familiar with the
OTC Bulletin Board. The merger also gives New Jersey Mining
Co. a greater emphasis on silver exploration in addition to
the gold-silver resource of the New Jersey mine.
Disclaimer: This press release may contain
forward-looking statements within the meaning of Section 27A
of the Securities Act and Section 21E of the Exchange Act. Forward-looking
statements are inherently subject to risks and uncertainties,
many of which cannot be predicted with accuracy, and some of
which might not even be anticipated. |
