Jameson Stanford Closes Series A Bridge Financing
October 08 2013 - 8:30AM
Marketwired
Jameson Stanford Closes Series A Bridge Financing
LAS VEGAS, NV--(Marketwired - Oct 8, 2013) - Jameson
Stanford Resources Corp. (OTCQB: JMSN) (the "Company"), an emerging
metals and minerals exploration and development company, announced
that it has closed $500,000 of Series A Convertible Promissory
Notes, due September 15, 2015.
The notes are secured by the Company's mining claims and mineral
leases related to the Chopar Mining Property, Star Mountain Mining
District, located in Beaver County, Utah. The proceeds of this
financing will be used primarily to fund the Company's ongoing
mineral exploration activities and for general working capital
purposes. Jameson Stanford may also issue up to an additional
$1,000,000 of Series B Convertible Promissory Notes on similar
terms.
"This funding provides the Company with immediate capital to
advance exploration efforts at our Star Mountain project as well as
for general working capital," said Michael Stanford, president and
chief executive officer of Jameson Stanford Resources. "We are
confident that our minerals exploration activities on our Chopar
Mine claims will allow us to begin operations in late 2013. We are
continuing to ramp up our exploration activities as we secure
financing."
About Jameson Stanford Resources Corp.
Jameson Stanford Resources is focused on developing significant
mining claims, mineral leases and excavation rights for projects
located in historic mining districts and other sites in central and
southwestern Utah. The Company is presently engaged in exploration
activities in connection with copper, gold, silver and base metals
properties located in historic mining districts in Beaver County
and Juab County, Utah. In addition, Jameson Stanford Resources has
acquired excavation rights and special permitting related to
deposits of alluvial minerals and silica sand located in Weber
County, Utah.
Safe Harbor Forward-Looking Statements
In connection with the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995, Jameson Stanford Resources Corporation, is hereby
providing cautionary statements identifying important factors that
could cause our actual results to differ materially from those
projected in forward-looking statements (as defined in such act).
Any statements that are not historical facts and that express, or
involve discussions as to, expectations, beliefs, plans,
objectives, assumptions or future events or performance (often, but
not always, indicated through the use of words or phrases such as
"will likely result," "are expected to," "will continue," "is
anticipated," "estimated," "intends," "plans," "believes" and
"projects") may be forward-looking and may involve estimates and
uncertainties which could cause actual results to differ materially
from those expressed in the forward-looking statements. These
statements include, but are not limited to, our expectations
concerning the presence of minerals and our ability to mine and
process minerals commercially at a profit.
We caution that the factors described herein could cause actual
results to differ materially from those expressed in any
forward-looking statements we make and that investors should not
place undue reliance on any such forward-looking statements.
Further, any forward-looking statement speaks only as of the date
on which such statement is made, and we undertake no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of anticipated or unanticipated events or
circumstances. New factors emerge from time to time, and it is not
possible for us to predict all of such factors. Further, we cannot
assess the impact of each such factor on our results of operations
or the extent to which any factor, or combination of factors, may
cause actual results to differ materially from those contained in
any forward-looking statements.
Contact: Jameson Stanford Resources Corp. Las Vegas, NV
www.JamesonStanford.com 702-933-0808 IR@JamesonStanford.com Mission
Investor Relations Atlanta, GA www.MissionIR.com 404-941-8975
Investors@MissionIR.com
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