Minerco Resources, Inc. Submits Water Contract to Honduran Government for Its Chiligatoro Hydro-Electric Project
June 28 2010 - 4:45PM
Marketwired
Minerco Resources, Inc. (OTCBB: MINE), a progressive developer,
producer and provider of clean, renewable energy solutions in Latin
America, announced today the company has submitted the Water
Contract to Secretaria de Recursos Naturales y Ambiente ("SERNA"),
Honduras's Natural Resources and Environmental Ministry, for its
Chiligatoro Hydro-Electric Project.
The submittal of the Chiligatoro Project's Water Contract is an
important and necessary step in the process for Congressional
approval. The Water Contract assigns and verifies the volume of
water used by the hydro-electric project design. The Water Contract
ensures the water used by the hydro-electric project does not
negatively impact the surrounding communities. As previously
released, the Environmental Impact Study for the Chiligatoro
Project has also been submitted to SERNA for approval.
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.
Please contact: C. Jones Consulting, Inc.
cjones@cjonesconsulting.com
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