CHEYENNE, Wyo., Oct. 14, 2010 (GLOBE NEWSWIRE) -- Strategic Mining Corp. (Pink Sheets:SMNG) has been a fully reporting company since June 30, 2010 and is under the jurisdiction of the SEC. The company is required by law to file quarterly reports (10Q) and annual reports (10K) that are reviewed by the company, by its security's attorney and by independent auditors. These reports are posted on edgar.sec.gov, on www.otcmarkets.com (financial section), and on the company's website, www.strategicminingcorp.com .
Strategic Mining has also filed a Form 10 with the SEC on April 30, 2010 to move to the Bulletin Board. Two amendments (10A) have been filed since then based on comments from the SEC. All company information must be fully disclosed such as share structure, financials, contracts, and mining operations. All share issuances are subject to a minimum hold period of six months. Any restricted stock issued prior to April 30, 2010 would not be eligible to trade until November 30, 2010. There has not been any stock issued since the company's last 10Q filing report for June 30, 2010. At present, there are 104,402,157 shares issued and outstanding.
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the U.S. (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.
Safe Harbour: No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.