BEIJING, China, Nov. 17 /PRNewswire-FirstCall/ - Land Star Inc. (LDSR) (
Welcome To Land Star Corporation - Oil / Gas Storage & Transportation Integration) further to the company news release on the pending mining merger with the Mexmin mining company, Landstar is pleased to announce the completion of the transaction.
Mr. Fowler the company spokesperson said, "Landstar management is extremely pleased to have this opportunity to close on the 1 million plus ton Colorado High Grade ore deposit. The early cash flow being generated from this project is beneficial to all concerned. The quality and quantity and the sheer size of the project has already produced some unsolicited interests from other mining companies who are monitoring our progress. I can also add that the company is entertaining this un solicited buyout proposal seriously, which has the potential to create a considerable instant profit opportunity for the company and all the shareholders.
The management continues its due diligence process on the Mexican mining opportunity and expects to close within 5-10 business days.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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