Business
KPOC to Change Name & Industry: Company to Acquire Historically Significant Revenue Producing Copper Mining Rights in Chile
KPOC to Change Name & Industry: Company to Acquire Historically Significant Revenue Producing Copper Mining Rights in Chile.
About this update from Kimberly Parry Organics Corp
[{"type":"text","content":"\nCompany Sheds Organic Cosmetics Venture; To Be Renamed ‘KPOC Mining, Inc’ And Will Retain KPOC Trading Symbol\n Hasbrouck Heights, NJ, May 18, 2018 (GLOBE NEWSWIRE) -- Kimberly Parry Organics, Corp. (\"KPOC\" or the \"Company\") (OTCPINK:KPOC), today announced that it is acquiring multiple significant revenue producing copper mining sites in Chile. The Company will be changing its name to “KPOC Mining, Inc.” to better reflect the public Company’s exit from the organic cosmetics marketplace. The Company will be acquiring the assets in Chile through its majority owned subsidiary, “KPOC Mining Chile, Inc.” KPOC Chile will also oversee all aspects of the day-to-day operations in South America. The Company’s transformation to copper mining is a wise one, says Company President, Theodore Collas. “If you want to mine copper, Chile is the world’s most desirable location. The country is rich in untapped deposits.” In an article on “The World's 20 Largest Copper Mines” (the mines that produce about 40 percent of the world's copper)… 7 of the top 14 mines are all located in Chile. https://www.thebalance.com/the-world-s-20-largest-copper-mines-2014-2339745 Copper Investing News says: “If one were to ask where the homestead of copper production is located, all fingers would point to Chile. The top copper producer in the world, the country hosts many notable copper miners… “We believe that for copper, Chile is the number-one spot on the planet to explore and develop a copper mine,” says Chilean Metals Chairman Terry Lynch. “The country has a historical track record of being the best spot to explore copper in the world.” (emphasis added) Chile is the most favorable jurisdiction in South America. It has a long history of strong mining laws and is mining friendly, especially to foreign companies. https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-mining-chile-top-producer/ Company President, Theodore Collas said: “We have wonderful relationships with the key players in the industry, both public & private. Now that we have fully evolved into a copper mining company, Management will be continually providing more details and updates on a regular bas...