Message #33 From:
TheMachine Date: May 28, 2009 11:57:05 PM
Mining Stock News : ALMI Atlas Mining Company Announces Non-Core Asset Sale Update
Atlas Mining Company (Pink Sheets: ALMI) announced today it entered into
an agreement with AAMCOR LLC of North Salt Lake, UT, through which
AAMCOR LLC will purchase certain non-core equipment from the
Company for $300,000 and will act as the exclusive agent for the
sale of other non-core equipment deemed unnecessary for the
commercialization of the Dragon Mine property.
The proceeds generated both from the sale of equipment to AAMCOR LLC and
the recent sale of the Hagby 1000 Drill have provided the
Company with over $360,000 of additional liquidity. The agreement
with AAMCOR will enable management to continue to focus its attention
primarily on the commercialization of the Dragon Mine property. The
Company continues to market certain of its non-core mining claims
and other assets.
All inquiries regarding the
Company’s non-core mining equipment available for sale should be
directed to Mr. Harley Bradbury of AAMCOR LLC (www.aamcor.com)
at (801)
298-0719 or harleycoint@bigplanet.com.
A list of the equipment available for sale is included on the Atlas
Mining Company press
release dated March 25, 2009.
Atlas Mining Company Chris Carney, Interim CFO, 208-556-1181 or Rubenstein
Investor Relations Tim Clemensen, 212-843-9337 TClemensen@RubensteinIR.com
