Vista Continental Corporation Enters Negotiations to Increase Its Stake in Miranda.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Vista Continental Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VICC VICC Vanderbilt-Ingram Cancer Center VICC Vehicle Information Center of Canada VICC Virtual Industry Capability Call VICC Voltage-Independent Calcium Channel (physiology) ) ("Vista"), today announced that it has entered into negotiations with Miranda 1 Mining Inc. (Guyana) to increase Vista's stake in Miranda 1 from a 40% minority position to a majority 60% participation. Vista Continental Corporation is a mineral exploration company that has interests in gold and diamond properties in Guyana (formerly British Guyana) and gold and rare earth properties in Peru. Vista currently has a 40% ownership in Miranda Mining I (Guyana), Inc., which is the owner of certain mining rights over 31 miles of river claims located along the Mazaruni River The River Guyana's Mazaruni River takes source in the Roraima Plateau, three levels of sandstones and conglomerates, crowned by Mt. Roraima (2810 m.). In Guyana, the two highest levels of the Roraima Plateau are known as Pakaraima Mountains and Merume Mountains. in Guyana. The claims areas encompass approximately 5,300 hectares and are accessible by river with an airstrip located at the village of Kurapong. Guyana (formerly British Guyana) is the only English speaking country in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . It has long been known for its gold and high quality diamond production. Harvesting of the gold and diamonds in Guyana will be done by means of two 10-inch Hydraulic Cutterhead Dredges, currently located on the Mazaruni River and currently being refurbished to upgrade to the state of the art. Vista intends to use data from its ground penetrating radar surveys to guide its recovery. Miranda 1 Guyana (Inc) is controlled by the majority shareholder of Vista. Should Vista's negotiations prove successful, Vista believes that by acquiring a majority interest in Miranda 1 (Guyana) Inc., Vista Continental Corporation will solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. its presence in Guyana significantly. This release includes projections of future results and "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release. |
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