Western Sierra Completes $40,500,000 Asset Acquisition
June 12 2014 - 8:45AM
Business Wire
Western Sierra Mining Corp., (OTC Pink: WSRA) confirmed
today that it has completed acquisition of water rights in Northern
Colorado with an appraised value of $40,500,000 and intends to
utilize this asset for real estate development, agricultural
production and other beneficial uses as we expand and enhance our
asset base. Although the acquisition of these water rights will not
result in immediate revenues, the Company is finalizing changes to
its business model which will result in exciting new revenue
generating opportunities for our shareholders including real estate
development; oil and gas production and services; gold and silver
mining; coal production and other natural resource-related
projects. The Company will begin making announcements about these
new endeavors in the coming days and weeks.
About Western Sierra Mining Corp
Historically, Western Sierra Mining Corporation has focused on
the strategic acquisition, sale, joint venture, management and
extraction of precious metals. In order to take advantage of
current and forecast market trends, opportunity and demand, WSRA
intends to aggressively pursue development of the gold and silver
assets it currently owns and to simultaneously pursue a
diversification into other natural resource-related projects. Over
the coming weeks and months, WSRA will begin systematically
implementing its new business model resulting in the creation of
new commodity based endeavors to the direct benefit the Company’s
shareholders.
For purchase or additional information:
Contact: Mr. Dennis Atkins
405-330-8395
dennisatkinscpa@gmail.com
Mr. Michael Chaffee 928-680-5513
wsrm@citlink.net
Safe Harbor
This press release contains statements, which may constitute
“forward-looking statements” within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Western Sierra Mining Corp. and members of
its management as well as the assumptions on which such statements
are based. Prospective Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Cautionary note to U.S. investors: The U.S. SEC limits
disclosure for U.S. reporting purposes to mineral and other
deposits that a company can economically and legally extract or
produce. Certain terms, such as “reserves”, “resources”, “geologic
resources”, “measured,” “indicated” and “inferred”, may not be
consistent with the reserve definitions established by the SEC.
U.S. investors are urged to consider to review and obtain copies of
our filings from OTC Markets.com. In addition, while the terms
“measured,” “indicated” and “inferred” mineral resources are
required pursuant to NI 43-101, the Commission does not recognize
such terms. Canadian standards differ significantly from the
requirements of the Commission, and mineral resource information
contained herein and in the documents incorporated herein by
reference is not comparable to similar information regarding
mineral reserves disclosed in accordance with the requirements of
the Commission. Investors should understand that “inferred” mineral
resources have a great amount of uncertainty as to their existence
and great uncertainty as to their economic and legal feasibility.
In addition, investors are cautioned not to assume that any part or
all of our mineral resources constitute or will be converted into
reserves.
Western Sierra Mining Corp.Mr. Dennis Atkins,
405-330-8395dennisatkinscpa@gmail.comorMr. Michael Chaffee,
928-680-5513wsrm@citlink.net
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