Hemis acquired this share position to increase its exposure to the El Tigre project. Owning shares in our joint venture partner also adds strength to Hemis' investment portfolio.
LAS VEGAS (PRWEB) February 6, 2008
Hemis Corporation is pleased to announce it has acquired one million shares in Monte Cristo Gold Corporation.
Monte Cristo Gold Corporation is a private mineral exploration company based in Nevada that has the intention of becoming a public company in the near future.
Monte Cristo Gold's focus is on North and South American projects that have low production costs and contain the likelihood of 500,000-ounce plus deposits.
Monte Cristo Gold Corporation has an earn-in option with the Company at the El Tigre property and is currently in the process of reviewing other acquisition and joint venture opportunities before its going public.
Bruno Weiss, CFO of the Company states: "Hemis acquired this share position to increase its exposure to the El Tigre project. Owning shares in our joint venture partner also adds strength to Hemis' investment portfolio."
About Hemis Corporation
Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. Hemis is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in Hemis' filings with the Securities and Exchange Commission.