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Umax Group Corp
GOLD MINE POTENTIAL RESULTS
Published Sep 20 2016
4 min read

GOLD MINE POTENTIAL RESULTS

FOR IMMEDIATE RELEASE

Contact:

Ian Dixon, CEO

UMAX Corporation

 

HEADLINE: UMAX, TESTING FOR GOLD

UMAX is announcing the name of the mining company they are very excited to be partners with: ROCKSTAR MINING INC www.rockstarmining.com. The mining company has raised significant capital to complete its studies of the gold reserves on the 1000 acres of private land under their control.

The Founders of ROCKSTAR Mining Inc., Donald Franco and Kevin Brady, have quoted that they believe that the production, once it begins in early 2017, will conservatively be able to produce $960,000 per month ($20 per ton at 200 ton per hour via the wash plant) making the conservative income potential of $11,520,000 per year. These projections are based off of surface gold testing results only. The company is in the process of raising an additional $750,000 for the equipment needed to begin full production in conjunction with UMAX. Presently UMAX has a 20% holding in ROCKSTAR Mining, which will bring a significant revenue stream to UMAX in the future based on the above calculations. Once the in depth results are in from testing below the surface the above numbers will change significantly.

SECURING UMAX’S POSITION:

UMAX has taken two board positions with ROCKSTAR Mining Inc. to ensure dividends are dispersed to UMAX for accounting purposes. It has also implemented that a unanimous vote is required by the mining company’s board of directors, as per the bylaws to make alterations to dividends earned per share. This in turn ensures the validity of the signed joint venture even at 20% ownership.

UMAX has completed its reverse split and is now poised for a positive and powerful growth. CEO Ian Dixon understands the frustration of the time spent waiting on behalf of the shareholders, but he believes that only positive advances will come in the future. UMAX is now preparing for its audit and S1 filing to potentially once again become fully reporting.  The company is encouraging existing share holder to stay the course, we appreciate your support and loyalty over the past years, and look forward to growing the company and the stock value accordingly. Lots more exciting things to come.

 

 

Forward Looking Statement

Certain statements that we make may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.  We caution investors not to rely unduly on any forward-looking