LAS VEGAS, March 19, 2015 (GLOBE NEWSWIRE) -- Transnational Group, Inc. "Transnational" (Pink Sheets:TAMG), today announced that the Company has exchanged executed Letters of Intent with the Nevada Outdoor School to secure the rights to mine gypsum on several claims located in southern Nevada that comprise the Mount Vista Gypsum Property.
Transnational Group has already taken samples from these claims and based upon the test results, has decided to move forward with the Nevada Outdoor School. The Company has also begun the permitting process with the Bureau of Land Management (BLM). Transnational expects the project to yield over 600,000 tons of gypsum per year and could begin producing during the third quarter of 2015.
"Transnational is excited to announce our recent acquisition of several gypsum properties located south of Las Vegas. Based on our samples, tests and geology reports, these claims have a substantial amount of very high-grade gypsum that could yield millions of tons of product, generating a substantial annual revenue stream for a number of years," commented Dr. Philip Dutoit, CEO of Transnational Group.
"This general location in Nevada has such rich gypsum mines that we are currently exploring several other strategic partnerships to acquire additional claims in the area," concluded Dr. Dutoit.
The Nevada Outdoor School is a 501(c) (3) non-profit corporation formed in 2002. The school encourages exploration of the natural world, responsible stewardship of its habitat, and dedication to the community. For more information about the Nevada Outdoor School, visit www.nevadaoutdoorschool.org.
About Transnational Group, Inc.
Transnational Group, Inc. is a development stage holding company whose primary business is focused on the acquisition and development of interests in the financial, consulting and natural resources sectors, focusing on developing properties and opportunities through partnerships and joint ventures, integrating management's best practices and expertise into their infrastructure.
Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosures in our reports filed with the OTC Markets Group, Inc.
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control.