SILVERDALE, Wash., March 19, 2014 (GLOBE NEWSWIRE) -- Valley High Mining Company (OTCQB: VHMC (USA) / VH8 (Berlin) (the "Company") is pleased to announce that it has executed a Letter of Intent to acquire certain property, business, and mineral rights from a US based asset holder. Upon completion of reserve studies, the Company expects the transaction to cover in excess of $125MM US in mineral reserve inventory.
"Valley High is preparing to embark on an extremely large and exciting endeavor," stated William Wright, CEO. "The United States is home to some very rich and desirable minerals. We are excited to be positioning ourselves in a market sector that provides diverse opportunities and is not susceptible to the large price swings of other traditional commodities. We look forward to completing our due diligence and closing documents on this project and being able to expand on this excellent opportunity."
The transaction is subject to normal and customary due diligence, a definitive agreement, and closing requirements.
For more information about Valley High Mining Co. visit their website: http://vhmining.com
About Valley High Mining Company:
Valley High Mining Company is a precious metals and minerals exploration and development company. The Company focus has been to analyze and evaluate lower risk and undervalued precious metal and mineral resource opportunities. Recent project evaluations for the Company include due diligence on two projects located in Peru and the establishment of joint ventures and partnerships in the region. The Company will continue to explore new opportunities in the expanding mineral resource sector.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries: Valley High Mining Company +1 360-536-4500