NexHorizon Communications, Inc. Announces Negotiations to Acquire Colorado Uranium Claims -- Plus Capitalization Changes
May 06 2013 - 9:11AM
Marketwired
NexHorizon Communications, Inc. (OTC Pink: NXHZ) (the "Company")
announced that they are negotiating to acquire Western Colorado
Uranium Claims, both patented and unpatented. NexHorizon President
Jeff Krupka points out, "Although we have no definitive agreement
in place, we are moving forward with plans and are capable of
closing immediately and after closing, we will immediately
establish a schedule of completing the associated assay and site
investigation work this summer."
Regional uranium news is huge. Last week, Energy Fuels announced
the approval of its planned Uranium Processing Facility. The first
processing facility in the area for thirty years. Jeff went on to
say, "Being involved in an industry turn-around in the area will be
rewarding way beyond simply making money for our shareholders."
Further news on our negotiation progress will
be immediately announced.
NexHorizon also announced the increase of its capitalization
effective May 1, 2013 by way of an amendment to its articles of
incorporation. The amendment, previously authorized, but just now
filed as part of NexHorizon's reorganization, ratified the
following changes:
The Preferred Shares were increased from 5 Million to 25 Million
Shares; and The Common Shares were increased from 100 Million to
250 Million Shares. On this important change, Mr. Krupka added,
"There has been much question and concern on the issue of the
potential of a reverse split of our issued and outstanding shares,
and now with the ability to issue additional shares, to raise
needed capital for expenses, repayment of financing, disposal of
existing preferred shares and warrants, and perhaps most
importantly, to make stock based acquisitions, there is little
chance or need of a reverse split, until and unless NexHorizon was
to establish a major acquisition or merger."
The company also provided a list of items and
time-lines for shareholders to watch:
- During May 2013 -- NexHorizon will
commence audit and legal work and announce a planned completion
date for this work and update its membership to OTC Markets.
- Important Marketing Shift -- If
NexHorizon moves forward in the Uranium Industry, our website will
be geared in that direction, with a focus on the industry's many
ancillary components, technological advances, potential marketing
and licensing opportunities. We will also publish plans and
progress for our assay and site investigation work, as well as
assay results realized and how the results fit with industry
requirements and expectations in terms of uranium/ore ratios.
- During July 2013 -- NexHorizon will have
achieved "Limited Reporting" Status in its OTC Markets membership,
and will have nearly achieved "Fully Reporting" status. In
addition, if moving forward in the Uranium Industry, we will have
gleaned valuable experience in completing the requisite assay and
site investigation work, and this experience, including procedures
and the results, will be incorporated in SEC filings and detailed
in our website, and will be valuable in budgeting ongoing
maintenance and ownership costs for our initial acquisitions and
for future and acquisitions.
- Future Business and Expansion --
NexHorizon may develop mining and development offerings, or
offerings of participation interests in proven reserves to better
leverage our use of common stock in lieu of cash to expand holdings
and make larger and/or perhaps critical acquisitions.
- World Market Conditions and Future Uranium
Demand -- The nuclear energy demand still suffers from the
disaster in Japan, but nuclear still provides an excellent clean
fuel alternative. Therefore, the world markets, economically and
geo-politically could change demand overnight. In fact, a safe and
approved spent fuel disposal facility would have an almost
immediate impact on the price of uranium ore.
- Timing -- For over one year, NexHorizon's President, Jeff
Krupka, has been aware of the Uranium Claims he is now attempting
to complete, but until recently, there was no approved processing
facility, and he only recently acquired control of a public
vehicle, perhaps perfect for the acquisition. Now, if successful,
Jeff believes that controlling operating costs, while making
additional attractive buys in Uranium Claims, could position
NexHorizon as an attractive Uranium Play for investors.
Forward-Looking Statement This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, which include among others, the inherent
uncertainties associated with smaller reporting companies,
including without limitation, other risks detailed from time to
time in the Company's periodic reports filed with the Securities
and Exchange Commission.
Contact: Jeff Krupka President NexHorizon Communications, Inc.
1140 US Highway 287, Suite 400-305, Broomfield, Colorado 80020
www.nexhorizoninfo.com P: 303.469.3051 F: 303.469.3054 C:
213.321.9858