Lexington, Miss. (PRWEB) March 8, 2010
Kinti Mining's (KMLD) (OTCBB: KMLD) President, Richard Byrd, states the following, "Majority Shareholder, Frank Love, is pleased to announce that we are now in takeover discussions with a substantial real estate company that will add immediate revenues and profits for Kinti shareholders if the takeover is completed."
Khangolov Resources, President and Kinti Mining Majority shareholder, Frank Love, states the following, "Kinti Mining has been in takeover negotiations with Michigan Collegiate Partners ("MCP"), a $50 Million real estate holding company. MCP is the owner of one of the largest assemblages of student housing at the University of Michigan. Some of the properties that will be included in the takeover are shown in the link to their website below. A more detailed list will be included in future press releases. http://www.madproco.com/ In addition, MCP plans on rolling up affiliated partnerships in the student housing area as well as properties that serve more traditional multifamily housing clients. MCP anticipates that, all told, affiliated partnerships will ultimately contribute 2,000 beds of student properties and close to 3,000 units of traditional multifamily assets. MCP also believes that along with the real estate division that will be divided between the student housing and more traditional asset classes, that it will be able to combine its operating division into the company. MCP's affiliates own a small (4 store) chain of gasoline / convenience stores located in the Clemson / Greer area of South Carolina. We see the operating division as an area filled with growth opportunities."
Khangolov Resources, President and Kinti Mining Majority shareholder, Frank Love also states, "From start to finish, the immediate takeover of Kinti Mining Lmtd. by Michigan Collegiate Partners will establish and immediately increase the value for the Kinti Mining stakeholders while simultaneously forging an aggressive path for Michigan Collegiate Partner's future plans. I have in place all necessary instruments (Legal Counsel, Transfer Agent, Resident Agent, filings for NASDAQ, NASD, Federal and State) to affect the quick and complete transition of Kinti Mining Lmtd. into Michigan Collegiate Partners for the benefit of all concerned."
Khangolov Resources, President and Kinti Mining Majority shareholder, Frank Love, further states, "All of the Gold and Diamond assets will be consolidated into one of our partners companies and will be distributed through a dividend in the future."
Brad Hayosh, the President of Michigan Collegiate Partners, is pleased to state the following, "We are pleased to work with Frank Love and Richard Byrd in conjunction with their consultants to attempt to bring this takeover to fruition. This symbiotic relationship will benefit all stakeholders of both companies."
Frank Love, further states "We ask shareholders of both companies not to contact us or Michigan Collegiate Partners. No inside information will be given. Both sides have a large amount of due diligence to do over the next few weeks."
Kinti Mining has just 50 million shares that are issued and outstanding that trade under ticker symbol KMLD. Frank Love holds approximately 30 Million of these shares through Khangolov Resources.
ABOUT Kinti Mining Lmtd: Kinti Mining Lmtd, trading symbol KMLD, Please visit our website (http://www.kintimining.webs.com) for our disclaimer.
Contacts: Kinti Mining Lmtd, Richard Byrd, President/ CEO http://www.kintimining.webs.com