Daleco Resources Expands Relationship with Tecumseh Professional Associates for the Development of Its Calcium Carbonate Deposit.WEST CHESTER West Chester, borough (1990 pop. 18,041), seat of Chester co., SE Pa., W of Philadelphia; inc. 1799. Primarily residential, West Chester was long the trade and processing center for an agricultural region that is now mainly suburbs. , Pa. -- Daleco Resources Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DLOV): Dov Amir, Chairman of the Board and Chief Executive Officer, announced today that the Company and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Clean Age Minerals, Inc. have signed a Development and Operating Agreement An operating agreement is an agreement among limited liability company ("LLC") members governing the LLC's business, and Member's financial and management rights and duties. No state requires an LLC to have an Operating agreement. with Tecumseh Professional Associates, Inc. ("Tecumseh") of Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. for the development of the Company's Calcium Carbonate calcium carbonate, CaCO3, white chemical compound that is the most common nonsiliceous mineral. It occurs in two crystal forms: calcite, which is hexagonal, and aragonite, which is rhombohedral. mineral deposit located in Cibola County, New Mexico Cibola County is a county located in the U.S. state of New Mexico. As of 2000, the population was 25,595. Its county seat is Grants6. It is New Mexico's newest county, created on June 19, 1981 from the westernmost four-fifths of the formerly much larger Valencia County. . Mr. Amir stated that the execution of the agreement expands the Company's business relationship with Tecumseh to now cover commercialization of both of its major mineral deposits located in New Mexico. Similar to its prior agreements, under the terms of the Development and Operating Agreement, Tecumseh will take the lead project management role for the ongoing commercialization of the Company's Calcium Carbonate resource. Robert Martin, President of Clean Age Minerals, stated that the expansion of the relationship with Tecumseh is a natural progression in the involvement of the companies. The companies are developing joint strategies that employ their combined expertise and cover both the one and a half (1 1/2) billion-ton Calcium Carbonate and two hundred (200) million-ton Kaolin kaolin (kā`əlĭn): see china clay. deposits held by Clean Age to tap the market potential of the minerals. Mr. Martin added that extensive infrastructure work has been done at the Calcium Carbonate site and that mineral extraction operations and stone product inventory buildup have been ongoing. He further noted that the Company's stone products have been favorably test marketed in the region under the trade name "Oro Grande Gold". Gary Novinskie, President of Daleco, stated that the execution of the Development and Operating Agreement covering the Company's Calcium Carbonate with Tecumseh is another step forward in the Company's efforts to monetize its extensive three (3) plus billion-ton mineral asset base located in New Mexico, Texas and Utah. He noted that an acceleration of the ongoing development of the Company's Calcium Carbonate deposit is key to taking advantage of its massive size and the current favorable market demand that is being driven by environmental factors. Tecumseh Professional Associates, Inc. is a multi-disciplined company involved in the environmental, energy, facility operations and real estate industries providing high-quality technical, management, contracting and planning services throughout the United States and Puerto Rico. Daleco Resources Corporation is an international asset and technology aggregation and monetization company with operating subsidiaries active in oil and gas, timber, minerals and technology. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion