Business
Dolat Ventures Inc. To Reduce Outstanding Stock
Dolat Ventures Inc. To Reduce Outstanding Stock.
About this update from Jb&zjmy Holding Company Inc
[{"type":"text","content":"\n \n Dolat Ventures Inc. (OTC PINK: DOLV) announced today that its officers \n and directors are returning all 8,161,244 common shares held by its \n officers and director in exchange for preferred stock. Dolat has \n completed a corporate restructuring and Millenium Mining LLC its wholly \n owned subsidiary has signed a joint venture partnership with a private \n investor to restart diamond mining at its mining location near Bo, \n Sierra Leone. The joint venture will be financed by private funds, for \n the purpose of dredging, mining, continuing exploration and collecting \n and selling diamonds, and other deposits and Millenium Mining will put \n forth its mining license with all landowners in the Tikonko Chiefdom \n into the joint venture.\n \n \n “In anticipation of additional short term acquisitions, we are reducing \n the common stock outstanding to 36,910, 392 shares, so that we have the \n ability to issue new stock for these value based acquisitions, said \n Dovid Hauck, Chief Executive Officer of Dolat Ventures Inc. “Management \n will have preferred shares to steer the company, and we have been \n working for a long time to move our automation process forward. We are \n focused on the long run of our operations not short term,” he added.\n \n \n Dolat's Millenium Mining is located in the Sewa River, located in the \n heart of Sierra Leone, formed by the junction of the Bagbe and Bafi \n rivers; it flows 150 mi (240 km) to join the Waanje River and form the \n Kittam, which empties into the Atlantic Ocean. The country's most \n important commercial river, it has historically produced the bulk of \n Sierra Leone's diamond exports. Historically the company has averaged \n close to 0.4 carats per ton of rock processed by artisanal mining since \n 2008. The company is in the process of bringing in the capital to \n automate to move production up to 800-1000 tons per day.\n \n \n For more information please visit: www.dove-diamonds.com\n \n \n About Dolat Ventures Inc. (OTC: DOLV)\n \n \n Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & \n Mining intends to sell, market, cut and distribute its diamonds and gems \n around the world. Millenium Mining LLC is the company’s wholly owned \n subsidiary, and mining site located near Bo, Sierra Leone. The company \...