Raptor Resources Holdings Acquires the Derbyshire Stone Quarry
March 31 2014 - 11:02AM
Marketwired
Raptor Resources Holdings Acquires the Derbyshire Stone Quarry
TAG Minerals Affiliate Acquires Seasoned Mining Company
FREEHOLD, NJ--(Marketwired - Mar 31, 2014) - Raptor
Resources Holdings Inc. (OTCQB: RRHI) (the "Company"), a natural
resources company focused on mineral and metal resource
acquisition, exploration and development, is pleased to announce
that its Zimbabwe affiliate, TAG Minerals Zimbabwe (Private) Ltd.
("TAG-Z"), has acquired 100% of the Derbyshire Stone Quarry
("Derbyshire").
To view the latest edition of the RaptorReport Newsletter,
including photos of the Derbyshire operation, site location, and
products, view:
http://www.raptorresourcesholdings.com/RaptorReport/DerbyshireStoneQuarry/
Key Terms of the Derbyshire Stone Quarry Agreement:
1. Derbyshire stockpile inventory of no less than $440,000 USD.
2. Debtor book/cash in bank of no less than $75,000 USD. 3. New
Management Contracts for key employees.
The Derbyshire Stone Quarry is an established mining company
managed by mining operator and strategic partner, WGB Kinsey &
Company. Production products include 10mm stone, 20mm stone,
quarry dust, crusher run, river sand (washed), pit sand, and
decomposed granite. The Derbyshire Stone Quarry is the largest
indigenous sand & stone quarry in the Harare area and is
located in a prime residential growth zone within close proximity
to major road projects.
Al Pietrangelo, CEO and President of Raptor Resources Holdings,
stated, "In prior letters to shareholders, the Company committed to
building assets within TAG Minerals during CY 2014. TAG
Minerals is focused on viable hard assets, seasoned mining
companies and developing greenfield resources featuring high value
minerals & metals. In just the first quarter of 2014, the
Company, through its Zimbabwe affiliate, TAG-Z, has acquired 100%
of greenfield resource Raptor Mine targeting nickel and copper for
further development as well as the Derbyshire Stone Quarry, a
mature granite quarry in volume production."
About Raptor Resources Holdings Inc.
Raptor Resources Holdings Inc. (OTCQB: RRHI) is the
parent/holding company of Mabwe Minerals Inc. with a second
independently operating, wholly owned subsidiary, TAG Minerals
Inc.
To learn more about Raptor Resources Holdings, visit
www.raptorresourcesholdings.com
About Mabwe Minerals Inc.
Mabwe Minerals Inc. (OTCQB: MBMI) is a U.S. based natural
resources and hard asset company engaged in the mining, logistics
and commercial sales of industrial minerals and metals, with first
focus on barite and limestone at Dodge Mine. Raptor Resources
Holdings owns 90 million shares of Mabwe Minerals or approximately
64% of its issued and outstanding shares of common stock.
To learn more about Mabwe Minerals, visit
www.mabweminerals.com
About TAG Minerals Inc.
TAG Minerals Inc. is a U.S. based mineral/metal resource
acquisition, exploration and development company targeting viable
hard assets, seasoned mining companies along with developing
greenfield resources aimed at high value minerals & metals.
Notice Regarding Forward-Looking Statements
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements"
("FLS") within the meaning of section 27A of the Securities Act of
1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. FLS include statements predictive in nature, depending
upon or referring to future events / conditions, including words
like "believes," "anticipates," "intends," "plans," "expects," and
similar expressions. Statements concerning future financial
performance (revenues, earnings, and growth rates), ongoing
business strategies / prospects, and future actions, which may be
provided by management, are also FLS as defined by the Act. The
actual and any future results, performance or achievements of the
Company, expressed or implied, may be materially different and vary
significantly for different reporting periods due to FLS that
involve known and unknown risks and other factors. Management
believes that the assumptions made and expectations reflected in
the FLS are reasonable. There is no assurance that the underlying
assumptions will prove to be correct and the actual future results
may be different from expectations expressed above. These
statements are not guarantees of future performance. Raptor
Resources Holdings Inc. and Mabwe Minerals Inc. have no specific
intention to update these statements.
Contact: J. Louis Schlegel IV Vice President: Business
Development J4@raptorresourcesholdings.com