In the company’s news yesterday,
Tri-Star Holdings, Inc. announced that it has signed purchase agreements for metals recovery and processing equipment for its COS #1, #2, and Wickenburg mines in Arizona. This equipment, valued more than $200,000.00 new, was purchased in good used condition after extensive research to save substantial amounts of cash.
As terms of the agreement, the equipment was purchased with a combination of restricted stock and cash. The company will work alongside Azrock Mining to establish plant locations for the installation of the processing equipment once geological and operational assessments are completed on the COS #1 and #2 mines, as well as on the recently acquired Wickenburg mine. Tri-Star’s management team anticipates announcing several updates as the installations progress.
Tri-Star President Anthony Mellone stated, “We are thoroughly satisfied with our negotiation of this equipment acquisition. Upon receipt of our assessments, together with the input of both our Chief Geologist Mr. Spooner and Azrock Mining we anticipate a speedy transition to production. We firmly believe that production revenues generated by our metals recovery division will assist in our efforts to enhance shareholder value.”
“Furthermore, we are in the process of compiling disclosure information with regards to the company’s operations across the board which we will disseminate via pinksheets.com. We believe that increased transparency is essential to market analysis and the valuation of our price per share which we believe is currently undervalued. Further details will be announced and also will accompany the dividend distribution to shareholders,” concluded Mellone.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
