King Resources, Inc. (KING) To Redomicile, Reach OTC Markets Compliance Status
February 24 2012 - 9:00AM
Marketwired
King Resources, Inc. (PINKSHEETS:KING) (www.king-resources.com)
Interim management of King is advising its followers that the
company intends to redomicile currently in Delaware to Nevada, or
Wyoming.
Interim King management is of the opinion that this corporate
action warrants a news release as it is a material event. In King
management opinion Nevada and or Wyoming are better suited and
better received for the company's incoming off shore long term
primary exploration and mining company merger targeted venture.
King Management is of the opinion that, a company, during the
course of the life and affairs of the company circumstances may
change. Directors are sometimes faced with a situation where the
rules and regulations then prevailing in the "home" of the company
no longer fit the company's purpose, or the prevailing rules. The
transfer process should be as seamless as moving from one house to
another. The company name and symbol will stay the same.
In other company news, King has aspirations of becoming a fully
transparent company with OTC Markets. As previously announced new
Adequate Disclosure and legal opinion is currently being drafted by
the company agents and its barristers. Until OTC processes KING
application and fee to commence filings on OTC Markets; King
intends to post its financials on its own website and or its IR
firms "Filings, OTC Weekly Reports" Tab section of their web site
www.minamargroup.net including a certain research report on the
Grid Grabber (Secondary Merger Candidate).
More details and updates will follow shortly and frequently on a
timely basis.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of King
Resources, Inc., that constitutes forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project," and
similar words and phrases are intended to identify such
forward-looking statements. King Resources, Inc. cautions you that
any forward-looking information provided by or on behalf of King
Resources, Inc. is not a guarantee of future performance. None of
the information in this press release constitutes or is intended as
an offer to sell securities or investment advice of any kind. King
Resources, Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond King Resources,
Inc.'s control. In addition to those discussed in King Resources,
Inc.'s press releases, public filings, and statements by King
Resources, Inc.'s management, including, but not limited to, King
Resources, Inc.'s estimate of the sufficiency of its existing
capital resources, King Resources, Inc.'s ability to raise
additional capital to fund future operations, King Resources,
Inc.'s ability to repay its existing indebtedness, the
uncertainties involved in estimating market opportunities, and in
identifying contracts which match King Resources, Inc.'s capability
to be awarded contracts. All such forward-looking statements are
current only as of the date on which such statements were made.
King Resources, Inc. does not undertake any obligation to publicly
update any forward-looking statement to reflect events or
circumstances after the date on which any such statement is made or
to reflect the occurrence of unanticipated events.
Contacts: Investor Relations www.minamargroup.net/helpdesk
Investor Relations Department Inquiry www.minamargroup.com/updates
King Resources Inc.corporate@king-resources.com
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