AmMex Gold Mining Corp. Completes Corporate Restructuring With Cancellation of 57.6 Million Restricted Shares
Posted on: Friday, 18 August 2006, 18:00 CDT
AmMex Gold Mining Corp. (OTCBB:AMXG)(FWB:R5E) is pleased to announce the completion of the corporate restructuring from Reese Corp. to AmMex Gold Mining Corp. which includes the cancellation of 57.6 million restricted shares of the company's common stock. This restricted block of stock was held by Reese Corp.'s previous President, Boris Machula, and the cancellation was part of his agreement with the Company when he stepped down as both President and Director in early July 2006. AmMex Gold Mining Corp. now has approximately 40 million shares outstanding on a fully diluted basis.
AmMex Gold is now trading under the stock symbol AMXG on the OTC Bulletin Board, reflecting the recent name change from Reese Corp. to AmMex Gold Mining Corp. Reese Corp's common stock previously traded under the symbol "RESE".
Chris Crupi stated, "I am very pleased to complete this restructuring and will now focus on building AmMex Gold into a significant precious metals company. We have initiated this process with the acquisition of the Bailey Hills and Ox Creek projects in Nevada, along with the El Tiliche project in Mexico. We will continue to leverage our strong technical team to evaluate and acquire other advanced-stage projects."
About AmMex Gold
AmMex Gold Mining Corp. is a precious metals exploration and development company. It is management's objective for AmMex Gold to become a gold and precious metals producer by developing the El Tiliche project in Mexico, the Bailey Hills and Ox Creek properties in Nevada, and by acquiring other advanced-stage projects and/or producing mines in proven precious metal districts throughout the world. The Company trades on the OTC market under the symbol "AMXG" and on the Frankfurt Exchange under the symbol "R5E". For more information, please visit the Company's web site at: www.ammexgoldmining.com (now available in the following languages: English, German, Mandarin, Spanish and French).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Business Wire
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