Friday, October 10, 2019, Draper, UT – NRP Stone, Inc. (“NRP”) reports that Rare Metals and Gems Investors, LLC’s manufacturer of white and colored diamonds finished from inexpensive raw brown diamonds and Luxium have received the Luxium testing furnace and equipment it ordered for the manufacture of Luxium. Once the furnace and associated equipment are installed they will be thoroughly tested. The manufacturer expects to reformulate and produce a batch of Gen1 Luxium after the furnace and equipment are proven. This reformulation is in an attempt to increase Luxium’s tarnish resistance, bringing it as close to tarnish-proof as possible. When Gen2 is tested, its scientific qualities and properties can be documented and quantified. Gen1 samples of Luxium will be available for potential users after the Rare Metals and Gems Investors (RMGI) acquisition.
NRP has been waiting for the manufacturer’s attorneys to review the marketing and funding agreements that RMGI negotiated with the manufacturer and that were submitted in mid-September. The manufacturer has assured NRP and RMGI that no concerns exist with the agreements and that they are merely awaiting legal counsel review, thus delaying the close of the acquisition. Mr. Clark, NRP’s President stated, “From all indications, this is merely a delay resulting from formality, making sure all the T’s are crossed and the I’s are dotted. So, we wait patiently to receive their legal blessing on the documentation.”
NRP Stone, Inc. is engaged in marketing and distribution of unique precious metals and gems. SYM: NRPI (NRPI.PK) U.S.: OTC; CUSIP: 62940J200.
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