Minerco Resources, Inc. Receives Municipal Rights for the Iscan Hydroelectric Project
May 26 2011 - 9:45AM
Marketwired
Minerco Resources, Inc. (OTCQB: MINE) (PINKSHEETS: MINE), a
progressive developer, producer and provider of clean, renewable
energy solutions in Latin America, announced today the company has
received the Municipal Rights from Municipality of Guata for its
Iscan Project.
The approval from local municipality for the Iscan Project is an
important and necessary step in the process in obtaining
Congressional approval for the Project. For a step by step look at
the approval process in Honduras, visit our website at
www.minercoresources.com/process.php.
"The approval from the Municipality of Guata for our Iscan
Project is very significant. ENERCOSA has created a solid
foundation with the Municipality, and we plan to build on it. We
look forward to working closely with the local communities and the
Honduran Government in developing our Iscan Project," said V. Scott
Vanis, President and CEO of Minerco.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
often identified by the words "believe," "anticipate," "expect,"
"intend," "estimate," and similar expressions. All statements in
this document regarding the future outlook related to Minerco are
forward-looking statements, including, but not limited to
statements regarding the anticipated revenue to be derived from the
project and the expected date of commencement of construction. Such
statements are based on the current expectations, beliefs,
estimates and projections of management and are subject to a number
of risks and uncertainties that could cause actual results to
differ materially from those described in the forward-looking
statements, such as the our inability to receive necessary
regulatory approvals, unanticipated expenses, delays in the
construction of the Project and the failure of the Project to
result in anticipated revenue. Additional uncertainties and risks
are described in our most recently filed SEC documents, such as our
most recent annual report on Form 10-K. For a more detailed
discussion of factors that affect our operations, please refer to
our Securities and Exchange Commission filings. Copies of this
filing are available through the SEC website at http://www.sec.gov.
All forward-looking statements are based upon information available
to us on the date hereof. The Company undertakes no obligation to
update this forward-looking information.
Please contact: Minerco Resources, Inc. Email Contact
281-994-4187
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