PRESCOTT, Ariz.--(BUSINESS WIRE)--Western Sierra Mining Corp., (OTC Pink: WSRA) announced today that it has executed an agreement with Aspen Development Corporation to assist it with an initial public offering. Aspen is a real estate development company that specializes in the acquisition, rehabilitation and resale of residential properties in the Denver and Mountain markets. Western will utilize its $52 million asset base to provide bridge financing and will draw upon its experienced consulting relationships to provide Aspen with the real estate industry and other expertise required for the development and implementation of its business plan and in obtaining financing through an initial public offering. In exchange for these financing and consulting services Western will receive ownership in Aspen. Western also intends to build upon its recently completed acquisition of water rights in Northern Colorado to increase its $52 million asset base. The Company will be making additional announcements about Aspen and its other natural resource-related projects.
About Western Sierra Mining Corp
Historically, Western Sierra Mining Corporation has focused on the strategic acquisition, sale, joint venture, management and extraction of precious metals. In order to take advantage of current and forecast market trends, opportunity and demand, WSRA intends to aggressively pursue development of the water rights and gold and silver assets it currently owns and to simultaneously pursue a diversification into other natural resource-related projects. Over the coming weeks and months, WSRA will begin systematically implementing its new business model resulting in the creation of new commodity based endeavors to the direct benefit the Company’s shareholders.
For purchase or additional information:
| Contact: | Mr. Dennis Atkins | 405-330-8395 | ||||||||||
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Mr. Michael Chaffee | 928-680-5513 | ||||||||||
Safe Harbor
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Western Sierra Mining Corp. and members of its management as well as the assumptions on which such statements are based. Prospective Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Cautionary note to U.S. investors: The U.S. SEC limits disclosure for U.S. reporting purposes to mineral and other deposits that a company can economically and legally extract or produce. Certain terms, such as “reserves”, “resources”, “geologic resources”, “measured,” “indicated” and “inferred”, may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider to review and obtain copies of our filings from OTC Markets.com. In addition, while the terms “measured,” “indicated” and “inferred” mineral resources are required pursuant to NI 43-101, the Commission does not recognize such terms. Canadian standards differ significantly from the requirements of the Commission, and mineral resource information contained herein and in the documents incorporated herein by reference is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the Commission. Investors should understand that “inferred” mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, investors are cautioned not to assume that any part or all of our mineral resources constitute or will be converted into reserves.