PRESCOTT, Ariz.--(BUSINESS WIRE)--
Western Sierra Mining Corp., (OTC Pink: WSRA)
announced today that it has executed an agreement with Aspen Development
Corporation to assist it with an initial public offering. Aspen is a
real estate development company that specializes in the acquisition,
rehabilitation and resale of residential properties in the Denver and
Mountain markets. Western will utilize its $52 million asset base to
provide bridge financing and will draw upon its experienced consulting
relationships to provide Aspen with the real estate industry and other
expertise required for the development and implementation of its
business plan and in obtaining financing through an initial public
offering. In exchange for these financing and consulting services
Western will receive ownership in Aspen. Western also intends to build
upon its recently completed acquisition of water rights in Northern
Colorado to increase its $52 million asset base. The Company will be
making additional announcements about Aspen and its other natural
resource-related projects.
About Western Sierra Mining Corp
Historically, Western Sierra Mining Corporation has focused on the
strategic acquisition, sale, joint venture, management and extraction of
precious metals. In order to take advantage of current and forecast
market trends, opportunity and demand, WSRA intends to aggressively
pursue development of the water rights and gold and silver assets it
currently owns and to simultaneously pursue a diversification into other
natural resource-related projects. Over the coming weeks and months,
WSRA will begin systematically implementing its new business model
resulting in the creation of new commodity based endeavors to the direct
benefit the Company’s shareholders.
For purchase or additional information:
Safe Harbor
This press release contains statements, which may constitute
“forward-looking statements” within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of
Western Sierra Mining Corp. and members of its management as well as the
assumptions on which such statements are based. Prospective Investors
are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties,
and that actual results may differ materially from those contemplated by
such forward-looking statements. Cautionary note to U.S. investors: The
U.S. SEC limits disclosure for U.S. reporting purposes to mineral and
other deposits that a company can economically and legally extract or
produce. Certain terms, such as “reserves”, “resources”, “geologic
resources”, “measured,” “indicated” and “inferred”, may not be
consistent with the reserve definitions established by the SEC. U.S.
investors are urged to consider to review and obtain copies of our
filings from OTC Markets.com. In addition, while the terms “measured,”
“indicated” and “inferred” mineral resources are required pursuant to NI
43-101, the Commission does not recognize such terms. Canadian standards
differ significantly from the requirements of the Commission, and
mineral resource information contained herein and in the documents
incorporated herein by reference is not comparable to similar
information regarding mineral reserves disclosed in accordance with the
requirements of the Commission. Investors should understand that
“inferred” mineral resources have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and legal
feasibility. In addition, investors are cautioned not to assume that any
part or all of our mineral resources constitute or will be converted
into reserves.