Nevada, May 06, 2014 -- /EPR NETWORK/ -- Gold and Silver Mining of Nevada, Inc. - otc.com (Symbol: CJTF) - a junior mining company in Nevada is pleased to confirm the formal signing of several major agreements, allowing for assets and new claims to become part of the processing and ownership of CJT Mining, Inc. a wholly owned subsidiary of Gold and Silver Mining of Nevada, Inc. The assets of CJT Mining, Inc. are co-owned 50/50 with Collins Mining.
As part of the acquisition process, additional shares of Gold and Silver Mining of Nevada, Inc. (Stock symbol CJTF) stock will be exchanged upon net income reaching defined levels. The first level is triggered when $11 million net income to CJT Mining has been earned from the new properties, resulting in 11million shares being issued. When $61 million net income to CJT has been earned from the new properties, then 22 million shares will be issued.
The company is now fully vested with many years of production ready assets in several states. The properties are being exchanged for company stock according to a schedule as the properties come into production. The first properties are projected to generate cash flow in 2014 with all of the properties expecting significant cash flow by 2016.
Visit to our web site at www.goldandsilvermining.com and OTC Markets (CJTF) news and note the other news releases about production for 2014 as well (http://www.otcmarkets.com/stock/CJTF/quote).
For more information, please visit our web site and/or call Investor Relations at 801-679-3945..
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.