China Minerals Mining Corporation: Change of Hearing Dates for Legal Action Against Province of BC
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2016) - China Minerals Mining Corp. (TSXV: CMV) (OTC Pink: HWTHF) ("China Minerals" or the "Company") announces that the previously set hearing dates on November 28, 29 and 30, 2016 have been rescheduled to January 17, 18 and 19, 2017, at the courthouse at 800 Smithe Street, Vancouver, British Columbia, with respect to China Minerals' legal action against the government of British Columbia.
For further information on the legal action see China Minerals' news releases dated January 25, 2016, March 9, 2016, May 25, 2016 and August 29, 2016, copies of which are available under China Minerals' SEDAR profile at www.sedar.com. A copy of the judicial review petition and supporting affidavit are filed on China Minerals' website available at: www.chinamineralsmining.com.
The Company supports reconciliation between the province and aboriginal groups - provided existing third party rights are protected or properly compensated.
In addition, the Company announces that it entered into a loan agreement with a director of China Minerals. An aggregate of US$200,000 has been borrowed by the Company to address the Company's immediate capital concerns. The loan was made by unsecured promissory note and will pay 8% interest per annum and is repayable on or before September 21, 2017. Proceeds from the promissory note will be utilized for general operating purposes.
About China Minerals Mining Corporation
China Minerals Mining Corp. is a Canadian based exploration and development company with offices located in Vancouver, B.C. and Beijing, China. China Minerals' goal is to build an international mining company.
For more information on China Minerals, please contact the Company at 1-888-629-1505 or at (604) 629-1505, or visit the Company's website at www.chinamineralsmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Ling Zhu"
Executive Chairman
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Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond China Minerals' control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. China Minerals undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.