Minerco Resources, Inc., Negotiating Agreement to Acquire Hydroelectric Asset in Honduras
May 26 2010 - 4:26PM
Marketwired
Minerco Resources, Inc. (OTCBB: MINED), a progressive developer,
producer and provider of clean, renewable energy solutions in Latin
America, announced today the company is currently negotiating for
the acquisition of a 6 mega-watt, Hydro-Electric Project known as
"Chiligatoro Hydro-Electric" located in the Municipality of
Intibuca, in the Department of Intibuca in Honduras, C.A. from ROTA
INVERSIONES S. DE R.L., a Corporation formed and operated under the
laws of Honduras.
The Chiligatoro Project is currently in the Feasibility Stage of
development allowing Minerco to participate in the design and
construction of the Project. The Feasibility Study has been
completed and submitted to the Secretaria de Recursos Naturales y
Ambiente ("SERNA"), Honduras's Natural Resources as well as the
Environmental Ministry. The Feasibility Study was approved by SERNA
in January, 2010, and has been submitted for approval by the
National Energy Commission of Honduras. The Commission's approval
of the project and ensuing contract is pending. The Environmental
Impact Study has also been submitted to SERNA for approval.
Please contact: C. Jones Consulting, Inc. @
cjones@cjonesconsulting.com
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934 that are based upon current
expectations or beliefs, as well as a number of assumptions about
future events. Although we believe that the expectations and
assumptions upon which they are based are reasonable, we can give
no assurance that such expectations and assumptions will prove to
have been correct. Some of these uncertainties include, without
limitation, the company's ability to perform under existing
contracts or to procure future contracts. The reader is cautioned
not to put undue reliance on these forward-looking statements, as
these statements are subject to numerous factors and uncertainties,
including without limitation, successful implementation of our
business strategy and competition, any of which may cause actual
results to differ materially from those described in the
statements. We undertake no obligation and do not intend to update,
revise or otherwise publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of any unanticipated
events. Although we believe that our expectations are based on
reasonable assumptions, we can give no assurance that our
expectations will materialize. Many factors could cause actual
results to differ materially from our forward-looking statements.
C. Jones Consulting, Inc. is being compensated $4000.00/month to
handle Investor Relations.
Contact: C. Jones Consulting, Inc.
cjones@cjonesconsulting.com
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