HOUSTON, Aug. 8, 2011 /PRNewswire/ -- Cotton & Western
Mining, Inc. (OTC/Pinksheets: CWRN) stated that due to the river
draft at the Port of Jiangyin on the Yangtze River, some 740 metric
tons of iron ore was removed from the Bulk Cargo Vessel, M.V.
Loreto. The below link is a site
with pictures in and around the City of Jiangyin, China and the
river port: The M.V. Loreto is a
45k/mt bulk cargo carrier; it was chosen for its width and shallow
draft as only 36,000 metric tons can be offloaded at the river
port; the final draft survey was 36,002 metric tons.
http://ports.com/china/port-of-jiangyin/photos/#/show-gallery?o=photo-0
M.V. Loreto pulled out at
6:00am PST on August 7, 2011 and is scheduled to arrive at
Jiangyin, People's Republic of
China on Aug 27 at 18:00
hours.
Operations Update: The Company will now begin
preparations of its stockpiled 1-3mm Sinter Feedstock Fines for the
3rd shipment of iron ore to China
this year, anticipated sailing between the 10th and 15th of
September, 2011.
CWRN Current Share Structure: The Company has stated that
it is not currently providing any Market Awareness nor is it
involved with the market in any way. The share price of the
Company's stock is solely dictated by the market.
Authorized Shares: 6,000,000,000
Outstanding Shares: 4,361,635,980
Restricted Shares: 2,056,610,879
Free Trading Shares: 2,305,025,101
Notes: The Baja Pacific No. 14 – "Mina Guadalupe" is operated by Panamerican
Minerals Ventures, S.A. de C.V., Ensenada, Baja California, Mexico.
Related News: China Seaborne Trade, Spot Price Iron Ore
may be viewed at the following link;
Metal Bulletin Iron Ore Index Link
http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (Pink Sheets: CWRN) a Nevada
Corporation that is engaged in metal mineral exploration,
development and operations for "Iron Mineral Mining". For more
information, please visit the company's website at
www.cottonwestern.com.
Safe Harbor: Statements regarding financial matters in
this press release other than historical facts are "forward-looking
statements" 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. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the Safe Harbors created thereby. The
Company is a development stage firm that continues to be dependent
upon outside capital to sustain its existence. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
Investor Relations Director
Emily Cotton
emilycotton@cottonwestern.com
+1 713 482 7593
SOURCE Cotton & Western Mining, Inc.