Asia Properties Announces "Roll Up" Strategy to Stake and Acquire Deeply Discounted Mining Claims
November 06 2013 - 5:00AM
Asia Properties, Inc. or "API" (OTC:ASPZ) today announced that it
has taken its first steps towards instituting a new mining claims
roll-up strategy by exploiting its extensive mining network. API's
strategy calls for the staking and acquisition of deeply discounted
mining claims, an area where the company sees great opportunity for
future growth.
Daniel McKinney, President of API stated, "We are extremely
excited to announce our roll-up strategy, as it relates to our
future ability to grow our assets and revenues. The
continuing, and seemingly endless, demand for physical gold coming
out of China has bolstered our confidence that current acquisitions
of mining claims will be supported by future demand for
gold." Mr. McKinney noted that China's central government
appears to be purchasing as much gold as possible, to preserve the
country's wealth and purchasing power, on a long-term basis. The
Company plans to sell its claims to its numerous listed resource
company clients based in China and Hong Kong.
"We have a team on the ground right now negotiating and sourcing
claims for us in Western USA and Mexico as they present a big
opportunity at this time with the big miners focused only on their
core producing mining projects."
Funding from private placements will be used along with internal
cash and shares towards the acquisition and re-staking of gold
claims with existing 43-101 geological reports.
About Asia Properties, Inc.: is a Nevada
corporation and trades on the OTC Pink under the symbol "ASPZ."
There are currently 40,921,362 fully diluted shares. The transfer
agent is Transfer Online, Inc. of Portland, Oregon. Please visit
our website: www.asiaprop.com
This press release contains forward-looking statements based on
management's expectations and beliefs, and may involve known and
unknown risks and uncertainties and other factors that may cause
the actual results to be materially different from the results
implied herein. Readers are cautioned not to place undue reliance
on the forward-looking statements made in this press release.
CONTACT: Investor Relations:
Dennis Burns
Tel: 567-237-4132
nvestrain@gmail.com
Asia Properties (PK) (USOTC:ASPZ)
Historical Stock Chart
From Nov 2024 to Dec 2024
Asia Properties (PK) (USOTC:ASPZ)
Historical Stock Chart
From Dec 2023 to Dec 2024