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10.04.2008 15:38 |
Tao Minerals Completes $1 Million Financing |
Tao Minerals Ltd. (News) (OTCBB: TAOL) announced today that it has completed a $1 million financing agreement. Terms of the transaction were not disclosed. Commenting on the announcement, Jim Sikora, President of Tao Minerals Ltd. said, ”This transaction is a significant corporate milestone for Tao Minerals Ltd. We are very excited about this new infusion of capital into our company. It will be used for general corporate purposes, accelerate the exploration of our existing properties in Colombia and allow us to make additional acquisitions of profitable gold and silver mines which will derive significant revenue streams in the near future.“ About Tao Minerals Ltd. Tao Minerals Ltd. is a leading producer of gold and precious metals currently operating in Colombia. For further information, please visit our website at www.taomining.com. Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of a majority interest in two properties located in Narino Department, Southwest Colombia. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2005 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time to time with the Securities and Exchange Commission.
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