Today’s News on Stock Guru’s Profile: Tao Minerals Inc. (OTCBB:TAOL)
Tao Minerals Inc. Announces Share Cancellation
MEDELLIN, Colombia–(BUSINESS WIRE)–April 21, 2006–Tao Minerals Ltd. (”Tao Minerals”) (OTCBB:TAOL – News) announced today that the Company is canceling 13,100,000 common shares.
On July 14, 2005, the Company issued 2,200,000 shares of Common Stock to Mr. James Plexman, the Company’s former Chief Financial Officer and director. Mr. Plexman acquired these shares at our inception at a price of $0.001 per share on November 22, 2004.
Subsequent to Mr. Plexman’s resignation on February 1, 2006, Mr. Plexman forfeited all 2,200,000 pre split common shares (17,600,000 post split), which have been tendered to the Company’s Transfer Agent for cancellation of 13,100,000 common shares and the transfer of 4,500,000 post split common shares to current directors.
Notice Regarding Forward Looking Statements
This news release contains “forward-looking statements”, as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the post share cancellation capital structure of the company.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Tao Minerals
James Sikora, 0115743110720
sikora@taomining.com
Source: Tao Minerals
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