Sino-Sud Resources Announces Further Delays For IPO
Following more disappointing results from numerous drill samples, Sino-Sud Resources announced an indefinite hold on preparations for the company's initial public offering.
Guangzhou (I-Newswire) February 25, 2014 - Originally slated for this year, the Sino-Sud Resources IPO was to fund company expansion after positive preliminary surveys of several test sites. More in-depth sampling has revealed far smaller reserves than previously expected, some too small to be worth further development.
Interested potential investors are asked to be patient while the company re-evaluates its fund raising strategy in light of these findings. More details will be released as they become available.
This article contains forward looking statements. Past performance does not guarantee future results. This article does not constitute any part of Sino-Sud Resources' annual report, prospectus, offering memorandum or any other document required for Security Commission compliance. Sino-Sud Resources makes every effort to ensure the accuracy of the contents of its articles. There may be errors, omissions, technical or typographical errors for which the company assumes no responsibility. Sino-Sud Resources does not guarantee, warrant or make any representations regarding the accuracy, usefulness, validity, reliability or completeness of the information contained in this article. Sino-Sud Resources will not be held liable for any direct or indirect damages including, but not limited to, negligence by employees or persons working under contract for the company.
Investors should never rely solely on the information contained in this article. The information contained in this article is not a substitute for independent professional guidance. Advice should be acquired from an investment advisor who has the authority to trade in Sino-Sud Resources securities. Duplication, re-transmission or modification of this article, either electronically or otherwise is strictly prohibited without the express permission of Sino-Sud Resources. An official copy of this article can be obtained by sending a self addressed envelope to Sino-Sud Resources, Level 54 Guangzhou IFC, No.5, Zhujiang Road West, Guangzhou 510623 PRC, China. Please use our contact us form on the companies official website at sinosud.com for any other enquiries.
About Sino Sud Resources
Established under the laws of China, Sino-Sud Resources, Inc., is a recently created Chinese corpora More..tion. The Company's capital structure of 75,000,000 authorized shares of common stock. There were 36,000,000 shares issued and outstanding by the Company in order to obtain the El Transito mining concession in Honduras and the Napo Basin mining concession in Ecuador. A portion of these shares they were also issued to the Management team with the motivational intention to achieve specific targets as outlined in the Business Plan.Less..
Sino Sud Resources
Level 54 Guangzhou IFC,
No. 5, Zhujiang Road West
Phone : 862028893190
Published On:February 25, 2014
Print Release:Print Release
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