China Shouguan Mining Set To Aggressively Expand Operations
Online, December 10, 2013 (Newswire.com) - Domestic demand for gold in China is soaring. China Shouguan Mining Corporation (OTCQB: CHSO) is planning to aggressively expand to meet demand by acquiring additional leases and under-performing mines.
Chairman Zhang said, "There was a record $2.2 Billion in takeovers of China mines and assets during 2013. We believe that 2014 will be an even bigger year. The increase in our share price shows that investors believe this also."
Zhang continued, "China Shouguan has successful gold mines in operation, recently announced an additional mine in the works and is sitting on huge potential gold reserves for future development. This is an opportunity for China Shouguan to get our share of the investment funds pouring in from Hong Kong and foreign sources."
The Chairman listed the reasons why he believes that 2014 will be China Shouguan's breakout year:
*China Loves Gold -- The Demand For Gold In China Is Soaring To Unbelievable Heights.
*China is Number One -- China has overtaken India as the number one gold consumer and producer in the world.
*Cheap Acquisition Opportunities -- Chinese gold mining leases and the opportunity to acquire under-performing mine acquisitions are relatively cheap in comparison to the increase in shareholder value they will bring.
*Access to Inexpensive Capital -- Chinese gold mining companies have access to inexpensive expansion capital and the Government guarantees that all delivered product will be purchased.
Chairman Zhang said, "We will continue to expand operations in two of China's three main gold zones, carried out by our world-class mining team. China Shouguan intends to pursue an aggressive growth strategy so that we can Up-List to NASDAQ in 2015."
About China Shouguan Mining Corporation:
China Shouguan Mining Corporation is a highly efficient gold mining exploration and development Company in the gold rich zone of Shandong Province, China. The Company acquires or leases under-performing mines in major mineral zones, then funds their expanded exploration and production utilizing industry leading technologies.
Website: http://www.chinashouguan.com
For more information, please contact:
Christian Tedrow, Market Management International
Phone: 407-921-7032 Email: info(at)marketmgt(dot)com
Safe Harbor Statement This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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