El Maniel International, Inc Enters Into Advance Negotiations to Acquire More Gold Properties
May 05 2011 - 10:31AM
El Maniel International, Inc (Pink Sheets:EMLL) announced today
that the Company has entered into advance negotiations to acquire
more gold properties in Ghana, Western Africa. "We are currently
negotiating terms with the owners of the gold mining claims and
after recent site visits, we concluded that the properties have
merits such as good accessibility for us to move forward" according
to Jamie Khoo, CEO of El Maniel International, Inc "The new gold
properties are alluvial and situated in the Central Region along
the Offin river and also next to the Birim river in the Eastern
Region of Ghana, West Africa".
"We believe that there are substantial gold deposits in these
new prospects and we are looking forward to the opportunities of
acquiring more gold properties in the West African region to
capitalize on the exponential rise in gold prices that also
increases the prospective value of our African assets" states Jamie
Khoo "We remain on-course in our progress and we are very confident
in achieving our top-line targets."
We will continue pursuing our efforts in keeping shareholders
informed of our business endeavors and as mentioned in our recent
press release on March 7, 2011 El Maniel International, Inc is
moving towards the "Current Information Tier" status on the OTC
Markets and our Initial Company Information and Disclosure
Statement was filed with the OTC Markets for the up-listing on May
2, 2011. For latest updates on El Maniel, stay tuned to our new
website via www.elmaniel.com
El Maniel International, Inc is a publicly traded company
currently focusing in the gold business domain including but not
limited to trading, prospecting, developing and expanding the
economic potential of world class mining claims located in Ghana,
West Africa and the company is committed in creating shareholder's
value by ensuring constant development of current and new resources
in the region.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company's
expectations or future events.
CONTACT: El Maniel International, Inc
Investor Relations Contact:
212-726-2179
ir@elmaniel.com
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