Texas Wyoming Drilling (OTC TWDL) Announces Progress In Funding Negotiations
LAS VEGAS, May 6, 2013 /PRNewswire/ -- Texas Wyoming Drilling (OTC Pink: TWDL) announced today that they are in serious negotiations for substantial funding. Once the funding is approved, it will have no effect on share structure. No additional shares will be issued for this purpose.
The next step in the process will be to have a certified geologist do a In-ground asset test and appraisal for the benefit of the financing party. This will be performed by a independent certified Geologist not by TWDL.
Cash flow has slowed things down at times, but we are currently going full steam ahead to become a fully reporting company and will begin our audit in the next couple of weeks.
Dr. Bob Michet, President, says, "We are all excited about our future. Negotiations are going well on all projects."
TWDL is a diversified mining company. We invite you to visit our website at www.texaswyomingdrilling.com.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well the assumptions on which such statements are based. Prospective Investors are cautioned that any such forward–looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statement.
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SOURCE Texas Wyoming Drilling