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ABOT Mining Announces Non-Binding Letter of Intent to Acquire 100% Interest in Aztlan 8B Property through Acquisition of Rising Star Mining
ABOT Mining Announces Non-Binding Letter of Intent to Acquire 100% Interest in Aztlan 8B Property through Acquisition of Rising Star Mining.
About this update from Scoobeez Global Inc
[{"type":"text","content":"ABOT Mining (Pink\nSheets: ABOT.pk) is pleased to announce that it has entered into a non-binding\nletter of intent (\"LOI\") to acquire all of the issued and outstanding\ncommon shares of Rising Star Mining (?Rising Star?), a Mexican corporation that\nowns Aztlan 8B property in Nayarit, Mexico. \n\n \n\nAs of December 06,\n2011, ABOT entered into an option agreement with Rising Star, whereby Rising\nStar (?Optionor?) had granted an option to ABOT to acquire a 50% interest in\ncertain mineral claims in its Mexico property, also known as Aztlan 8B.\nSubsequent to successful acquisition of Rising Star, ABOT will have 100%\nmineral claims on Aztaln 8B. \n\n \n\nCompletion of the\nacquisition will be subject to the negotiation and execution of a binding\nagreement and the satisfaction of a number of conditions, including, but not\nlimited to each of ABOT Mining and Rising Star being satisfied with the results\nof their respective due diligence investigations.\n\n \n\nAbout the Company\n\nABOT is a US based\nmining company engaged in discovering, acquiring, developing, producing, and\nmarketing precious and semi-precious metal properties and is currently\nheadquartered in Woodland Hills, California. ABOT plans to create long term\nshareholder value by implementing an aggressive exploration program, making new\nprecious metals discoveries and developing mining properties with long-life and\nlow cost operation. \n\n \n\n?Follow?\nus on Twitter and ?Like? ABOT on Facebook\n\n \n\nForward-Looking Statement\n\nAny\nstatements made in this press release which are not historical facts contain\ncertain forward-looking statements; as such term is defined in the Private\nSecurity Litigation Reform Act of 1995, concerning potential developments\naffecting the business, prospects, financial condition and other aspects of the\ncompany to which this release pertains. The actual results of the specific\nitems described in this release, and the company?s operations generally, may\ndiffer materially from what is projected in such forward-looking statements.\nAlthough such statements are based upon the best judgments of management of the\ncompany as of the date of this release, significant deviations in magnitude,\ntiming and other factors may result from business risks and uncertainties\nincluding, without limitation, the com...