Borneo Resource Investments Extends Filing of Annual Report on Form 10-K
![Borneo Resource Investments Extends Filing of Annual Report on Form 10-K](https://www.minenportal.de/media/goldseiten-news.jpg)
BOTHELL, Apr 1, 2014 - Borneo Resource Investments Ltd. (
Borneo continued to generate significant revenue in the fourth quarter of 2013, marking the Company's second consecutive quarter of revenue generation since it grew beyond being an exploratory stage company in June 2013.
Borneo has repaid its second convertible note issued to Asher Enterprises, Inc., which was due in April 2014 for a principal amount of $32,500. In January 2014, the Company had repaid its first Asher Enterprises note with a principal balance of $37,500. Borneo plans to similarly repay its final convertible note due to Asher Enterprises in June 2014 for a principal amount of $42,500.
"We strive for accurate and informative reporting," commented Borneo CEO Nils Ollquist. "We intend to complete the filing of our Form 10-K within the timeframe that the SEC grants to us as we continue to work towards creating a company with a solid growth plan for our shareholders."
About Borneo Resource Investments Ltd.
Borneo Resource Investments Ltd. (
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Words such as "believe", "estimate", "will be", "will", "would", "expect", "anticipate", "plan", "project", "intend", "could", "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.
For example, we are using forward looking statements when we discuss the indications that estimate the potential revenue that may be generated from this property. These forward-looking statements are based on the current expectations of the management of Borneo Resource Investments Ltd. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in the price of natural resources, a change in the estimate of natural resources on our concessions, a change in the ability to extract the natural resources, changes in Indonesian law, risks associated with counterparty default in any of our agreements and the ability to acquire funding. Except as otherwise required by law, Borneo Resource Investments Ltd. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Please join our email distribution list by contacting us at ir@borneore.com.
Related Links: www.borneore.com
Contact
Investor Relations Contacts:
Borneo Resource Investments Ltd.
R. Scott Chaykin, CFO
schaykin@borneore.com or
Corporate Profile, LLC
Dilek Mir, Managing Director
310-591-5619