Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announced the ratification of its new Haitian Subsidiary, Hidalgo Mining Haiti, S.A.
Mark Daniel Klok, President of HMIT, stated: “The Company has now received confirmation of the final ratification of our new Haitian subsidiary, Hidalgo Mining Haiti, S.A. Mr. O’Donnell Maximin, one of the board members of our new Haitian Subsidiary, recently met with the honorable President Rene Garcia Preval. During that meeting it was confirmed that Hidalgo Mining will move forward to complete the negotiations of the final convention on the targeted properties, which management feels will eventually become the first ever commercially producing mining operation in Haitian history. Over the past two years, I have visited Haiti numerous times and have taken a personal interest in setting out to accomplish an aggressive plan to assist Haiti in its goals for economic development and expansion in the mining exploration arena. The Company has now started the process of negotiations and will issue the final convention on the projects with the assistance of Mr. Daniel Dorsainvil, the Haitian Finance Minister, Mr. Frantz Verrela, T.P.T.C. Minister, and Mr. Dieuseul Anglade, General Director of the mining office. After meeting with these officials, it was made clear that the Company has an overwhelming level of support. I look forward to Hidalgo Mining leading the way towards economic growth and stability in this sector. I believe that our new projects targeted in Haiti will ultimately play a key role in enhancing Hidalgo’s future bottom line and our expansion plans for 2009.”
Klok went on to state: “We have received the green light to enter negotiations on the final convention and I plan to return to Haiti within the coming weeks. This, combined with our existing projects in Guinea, would increase our portfolio of projects and Hidalgo’s overall potential and further exemplifies our continuation of actively and aggressively pursuing other projects; all with near term production potential. I would like to continue to thank all of our shareholders for their continued support in our long-term efforts in building a world-class junior mining company.”
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, NY, strives to increase shareholder value, while implementing aggressive plans to continue targeting near term mining production projects on a global scale. HMIT’s management, directors, and advisors hold an abundance of experience and knowledge to implement expansion in this rapidly growing industry.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. The development of any and all of the subject mining claims stated herein is contingent upon multiple high risk factors that must be successfully dealt with in order to achieve the intended results. This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals’ future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Hidalgo Mining International undertakes no duty to update any forward-looking statement(s) and/or to conform the statement(s) to actual results or changes in Hidalgo Mining International’s expectations.
Contact: Mark Daniel Klok Hidalgo Mining International (305) 778-8360 http://www.hidalgominingint.com/
SOURCE: Hidalgo Mining International