Kinti Mining (Pink Sheets: KMLD) and Michigan Collegiate Partners Holdings have signed a definitive Memorandum of Understanding (MOU). The companies will merge with Michigan Collegiate Partners Holdings contributing $50,000,0000 worth of real estate holdings to KMLD.
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At the close of the transaction Brad Hayosh, the President of Michigan Collegiate Partners Holdings will assume the role of President and CEO of Kinti and the current President Richard Byrd will resign.
Kinti Mining's immediate focus is to start work on its newly acquired gold and diamond project. We expect to announce a joint-venture in the near future.
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