Blackstone Resources Launches Global Trading Business
BAAR, Switzerland, August 22, 2018 /PRNewswire/ --
Blackstone Resources AG (SWX: BLS)(STU: 4BR)(FRA: 4BR)(BEB: 4BR) has launched a global trading business. It has signed a memorandum of understanding and co-operation agreement, with a Swiss-Colombian mining company that is based in Colombia and has all the necessary licences to export a large multitude of mineral resources. The company also has substantial mining and operational rights across various Colombian provinces.
The agreement was signed owing to the complementary activities and goals of both companies. Both firms see great potential in agreeing to work together in developing certain mining assets and developing a commodity trading business outside Colombia.
Colombia is an important commodity-rich country and a major exporter of metals, which includes battery materials. Greater access to this market is extremely important for Blackstone Resources. We are excited about this recent development and the shareholder value it could potentialy deliver.
Highlights
- This partnership agreement will further strengthen Blackstone Resources' trading division led by Chief Trading Officer Mr A. Viscuso
- Trading activity from this partnership will come from the joint metal operations of both companies, plus our partner's country-wide network of third-party partners within Colombia.
- We estimate in the near future that our monthly trading volume from this partnership will rise to USD 29 million or more with an expected netback of at least USD 300,000 per month.
The Board of Directors
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug and is concentrating on the battery metals market as primary metals. In addition, it sets up, develops and manages refineries used for gold and battery metals.
There are few companies quite like Blackstone Resources in Europe. It offers direct exposure to the battery metal revolution that is being driven by the demand of electric vehicles that need vast quantities of these metals. These include cobalt, manganese, molybdenum, graphite and lithium.
Disclaimer
This media release is for information purposes only. It constitutes neither a prospectus within the meaning of article 652a and / or 1156 of the Swiss Code of Obligations nor a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. This media release constitutes neither an offer to sell nor a solicitation to securities of Blackstone Resources AG ("Securities").
This media release is not intended for distribution in the United States, Australia, Canada or Japan.
The Securities have not been and will not be registered under the US Securities Act of 1933 ("Securities Act)", as amended, and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.
This media release does not constitute an offer of securities to the public within the meaning of Directive 2003/71/EC of the European Union ("Prospectus Directive") of the Securities in any member state of the European Economic Area ("EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive from the requirement to produce a prospectus for offers of the Securities.
This press release is being distributed only to, and is directed only at persons (i) outside the United Kingdom, or (ii) who have professional experience in matters relating to investments falling within article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("Order"), as amended, or (iii) who are high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within article 49(2)(a)-(d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.
This release contains forward-looking statements, which are subject to certain risks and uncertainties that could cause actual results to differ materially from those in this press release. The forward-looking statements are based on the current views and assumptions of Blackstone Resources AG.
For more information please visit http://www.blackstoneresources.ch
SOURCE Blackstone Resources AG
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