CWRN: ‘M.V. Loreto Sailing with 2nd Bulk Iron Ore Shipment’
HOUSTON, Aug. 8, 2011 /PRNewswire/ — Cotton & Western Mining, Inc. (OTC/Pinksheets: CWRN) stated that due to the river draft at the Port of Jiangyin on the Yangtze River, some 740 metric tons of iron ore was removed from the Bulk Cargo Vessel, M.V. Loreto. The below link is a site with pictures in and around the City of Jiangyin, China and the river port: The M.V. Loreto is a 45k/mt bulk cargo carrier; it was chosen for its width and shallow draft as only 36,000 metric tons can be offloaded at the river port; the final draft survey was 36,002 metric tons.
M.V. Loreto pulled out at 6:00am PST on August 7, 2011 and is scheduled to arrive at Jiangyin, People’s Republic of China on Aug 27 at 18:00 hours.
Operations Update: The Company will now begin preparations of its stockpiled 1-3mm Sinter Feedstock Fines for the 3rd shipment of iron ore to China this year, anticipated sailing between the 10th and 15th of September, 2011.
CWRN Current Share Structure: The Company has stated that it is not currently providing any Market Awareness nor is it involved with the market in any way. The share price of the Company’s stock is solely dictated by the market.
Authorized Shares: 6,000,000,000
Outstanding Shares: 4,361,635,980
Restricted Shares: 2,056,610,879
Free Trading Shares: 2,305,025,101
Notes: The Baja Pacific No. 14 – “Mina Guadalupe” is operated by Panamerican Minerals Ventures, S.A. de C.V., Ensenada, Baja California, Mexico.
Related News: China Seaborne Trade, Spot Price Iron Ore may be viewed at the following link;
Metal Bulletin Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (Pink Sheets: CWRN) a Nevada Corporation that is engaged in metal mineral exploration, development and operations for “Iron Mineral Mining”. For more information, please visit the company’s website at www.cottonwestern.com.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company’s future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.
Investor Relations Director
Emily Cotton firstname.lastname@example.org
+1 713 482 7593
SOURCE Cotton & Western Mining, Inc.