NX Capital Company Signs Agreement to Acquire Uranium-Mining Property
September 30 2013 - 7:00AM
Marketwired
NX Capital Company (OTC Pink: NXCP) announced that the Company and
its wholly-owned subsidiary, Montrose Energy Group, Inc. have
entered into an Agreement to acquire a uranium mining property in
San Juan County, Utah. The purchase is to close on or about October
10, 2013. The purchase is for a combination of cash and the
restricted common stock of NX Capital.
Montrose Energy Group will own, develop and operate the
property, as an exploratory mine.
Management believes that using infrastructure already in place,
the development costs of the property can be minimized and built
upon previous work and research already performed. The mine is
located in close proximity to a uranium mill at Blanding, Utah. The
mill is essential to the conversion of uranium ore into its more
refined forms -- particularly "yellow-cake," a commercially viable
product.
"We are excited to announce the identification of and the
pending purchase of a mining property," remarked Jeff Krupka, the
Company's President. "This purchase is yet another step to the
development of the Company's business plan and operations."
NX Capital Company
is a Colorado based company intending to develop operations in the
mining and energy industry in the western United States.
Forward Looking Statements
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
mining and energy exploration and development stage exploration
companies including without limitation, other risks associated with
private companies. At the time of the press release, the Company is
not registered with the Securities and Exchange Commission (SEC)
and does not have available for public dissemination its financial
reports or other disclosure information.
For more information, contact: NX Capital Company 1140 US
Highway 287, Suite 400-305, Broomfield, Colorado 80020
www.nxcapitalco.com P: 303.469.3051 F: 303.469.3054 C:
213.321.9858
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