Latest Taoism Stories
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to provide this update regarding the status of the company's current financing arrangements. Tao and the lender of the $1,000,000 financing previously announced in a news release dated April 10, 2008 have jointly agreed to the cancellation of that agreement. Due to the cancellation of the agreement, Tao will not be filing the registration statement required by the terms of that financing. The conversion rights for the $125,000 tranche that has...
Tao Minerals, Ltd. (OTCBB: TAOL) announced today that James Sikora, Tao's CEO and largest shareholder, has purchased, on the open market, 1,000,000 shares of Tao common stock to add to his previously existing share ownership position. Commenting on his purchase, Mr. Sikora stated, "Although I am already Tao's largest shareholder, it is my opinion that the company's shares are, at present, significantly undervalued by the market and have added to my position as an expression of my confidence...
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it has received an additional tranche of $150,000 from a previously announced financing agreement. This elevates the total amount of funds received to $400,000. This $150,000 will be utilized to continue the upgrade of the El Colmillo Mine and processing facility. Details regarding specific purchases of equipment and other expenditures from this tranche will be forthcoming in a future news release. About Tao Minerals, Ltd. Tao...
Tao Minerals, Ltd. (OTCBB: TAOL) announced today that it is preparing an announcement, which will provide a detailed description of the terms for the finalization of its purchase of the El Colmillo Gold Mine. In previous announcements, Tao has outlined its plan for the upgrade and modernization of the El Colmillo Mine and processing facility to include, in their most recent news release, a detail of the activities and expenditures (of money on hand) that will comprise Phase I of the project....
Teacher sacked in connection with student death after fight in class HEFEI, July 16 (Xinhua) -- A secondary school teacher in east China's Anhui Province was fired in connection with the death of a student who had fought with a classmate in class, said the local educational authority on Wednesday. Yang Jinggui was a teacher at Wudian Secondary School in Changfeng County. At about 10:00 a.m. on June 12, two students, Chen Kang and Yang Tao, began quarrelling about seats in his class. Their...
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that its website has been updated to reflect the company's current near-term focus on the El Colmillo Gold Mine, the upgrade of which will begin momentarily. A key element of the website update is a detailed description of the geology and mineralization of the large, 296 hectares (well over one square mile) in size, El Colmillo concession. A brief excerpt of the complete description found on the website stipulates that the El Colmillo...
Tao Minerals, Ltd. (OTCBB: TAOL) announced today that they have received a second tranche in the amount of $100,000 from a previously announced financing. Tao will utilize these funds to advance the El Colmillo Gold Mine Project, currently the company's primary development focus. Details of precise expenditures, for mine upgrades, etc., of the money from this tranche will be set forth in an imminent, upcoming news release. Jim Sikora, President of Tao Minerals, Ltd. was pleased to comment,...
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce the engagement of a knowledgeable, highly qualified management and operations team, which will be tasked with the mission of supervising and executing the upgrade and subsequent operation of the El Colmillo Gold Mine and processing facility. Tao has contracted with Minera Prime Cap Resource SA, a respected mineral and geological consulting company, based in Medellin, Colombia, to provide these services. Heading up the team as project...
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to make notice of a forthcoming announcement to be made on Monday June 30, 2008, which will provide detailed information regarding the status of Tao's El Colmillo Mine property, including plans for the upgrade of the mine and information regarding its operation. Tao recently announced that, to facilitate its business operations (including equipment purchases and property acquisitions) in Colombia, it is acquiring Minera Tao, SA, which will become...
Tao Minerals, Ltd. (OTCBB: TAOL) is pleased to announce that it is acquiring MINERA TAO SA ("MTS") which will become its wholly owned Colombian subsidiary company. MTS will hold all of the Colombian mining concessions and interests on behalf of Tao Minerals Ltd. and will facilitate and streamline further acquisitions of mineral and mining concessions within Colombia. This acquisition along with the recently announced financings will enable Tao Minerals to accelerate its near and mid-term...
