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Bio-Clean International ties up with Kyrgyz Alumina Inc. for mining operation
Edited by : AL CIRCLE
1 min read
Bio-Clean International, Inc. announced that the Company has entered into a Joint Venture agreement with Kyrgyz Alumina Inc., a Nevada Corporation.
Under this agreement, the two corporations will form a new limited liability corporation which will seek to acquire mining interests, ore and mineral concessions in Eastern Europe and the United States. Several sites and assets have already been identified and targeted, and the newly formed corporation, which will be 40% owned by BCLE, hopes to have an agreement in place for an acquisition of rights to major aluminum concessions and operations though Kyrgyz Alumina over the next 30 days. Following that, the company will seek funding through a private placement of its securities. Mike Roth, President of Bio-Clean International, stated: "This is a great opportunity to expand Bio-Clean's horizons and open up what we anticipate may be a very valuable revenue stream for the Company."
Under this agreement, the two corporations will form a new limited liability corporation which will seek to acquire mining interests, ore and mineral concessions in Eastern Europe and the United States. Several sites and assets have already been identified and targeted, and the newly formed corporation, which will be 40% owned by BCLE, hopes to have an agreement in place for an acquisition of rights to major aluminum concessions and operations though Kyrgyz Alumina over the next 30 days. Following that, the company will seek funding through a private placement of its securities. Mike Roth, President of Bio-Clean International, stated: "This is a great opportunity to expand Bio-Clean's horizons and open up what we anticipate may be a very valuable revenue stream for the Company."
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