Dolat Ventures Inc. (OTC: DOLV) announced today that it has completed a corporate restructuring and that Millenium Mining LLC its wholly owned subsidiary has signed a joint venture partnership with a private investor to restart diamond mining at its mining location near Bo, Sierra Leone. Terms of the agreement have not been released but the company expects to outline its financing path to restarting its operations.
Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports.
For more information please visit: www.dove-diamonds.com
About Dolat Ventures Inc. (OTC: DOLV)
Dolat Ventures
Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends
to sell, market, cut and distribute its diamonds and gems around the
world. Millenium Mining LLC is the company’s wholly owned subsidiary,
and mining site located near Bo, Sierra Leone. The company has been in
operations for nearly eight years and has sold its rough diamonds in the
United States. The company intends to purchase rough and uncut diamonds
and gems from international suppliers globally.
Forward-Looking Statements
This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities and Exchange Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended, and such Forward
Looking Statements are intended to be covered by the safe harbors
created thereby. Investors are cautioned that all forward-looking
statements involve risks and uncertainties. All statements other than
statements of historical fact in this announcement are forward-looking
statements, including but not limited to the viability of the company's
business plans, the effect of acquisitions on our profitability, the
effectiveness, profitability, and the marketability of the Company's
products; the Company's ability to protect its proprietary information;
general economic and business conditions; the volatility of the
company's operating results and financial condition; and other risks
detailed in the Company's filings with the Securities and Exchange
Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Dovid Hauck - President
EMAIL info@dove-diamonds.com
info@dolatventures.com
Web
: www.dolatventures.com
Phone:
323-271-7548