In addition to the acquisition of these assets, the Company is excited to provide several forward-looking statements regarding updates on future debt consolidation, and operational plans for the current mining inventory and assets on hand.
Alozno Pierce, president and chair of
“This (moment) has been a long time coming and a result in which we were confident of achieving,” Pierce states, in response to the settlement agreement. “We have already identified next steps for both the mining equipment and settlement proceeds, which includes having our new operations management team getting to work on the equipment and reducing the Company’s dilutive debt liability.”
- Acquire all mining assets from the
Gaffney location and prepare them to be shipped to a new Company site inJackson County, Missouri . - Utilize highly experienced engineers to conduct assessments for all mining and infrastructure equipment at a facility in close proximity to the
Jackson County site and make adjustments to retrofit the equipment for future planned operations. - Establish the Operations Management team at the new
Jackson County site and begin to assimilate the mining infrastructure to prepare for operational expansion. - Allocate settlement proceeds toward the significant reduction of debt liability of the Company by targeting the remaining excess dilutive convertible debt, ensuring the elimination of any future excessive dilution.
“This is a very proud moment for the Company and for its shareholders,” said Pierce. “We’re just getting started and I’m excited to reveal more about our upcoming operations and the expansion that is in store for the immediate future of BlockQuarry.”
The Company looks forward to providing more detailed updates on the execution of these key areas of business expansion as they become complete.
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Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or the Company’s future financial performance. In some cases, forward-looking statements may be identified by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company’s current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets (www.otcmarkets.com).
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