ROAD TOWN, British Virgin Islands--(BUSINESS WIRE)--Kading Companies, S.A. (OTC: KDNG), announces the signing of a twelve month joint venture sale and purchase agreement with Chief Nana Kwaku Baah II whereby Kading Companies will purchase 100 kilos of gold dore per month commencing in early January 2015. Kading Companies will buy the gold dore at a discount to the spot price whereby Kading Companies expects to gross 50% of the net proceeds of the sale of the gold dore.
Kevin Kading, President of Kading Companies, commented on the Agreement, stating, “This is the first concrete step forward to developing relationships with a multitude of mining operations on a global scale. Our objective is to build Kading Companies into a global mining empire with vast natural resources.” Kading Companies will be focused on producing mining operations on a global basis with its initial emphasis in both South America and West Africa. “I am very excited about the opportunities that we are being presented with and I am highly confident we will create significant value for our shareholders, investors, miners and the local communities.”
This news release includes certain forward-looking statements concerning the future performance of Kading Companies, S.A and Chief Nana Kwaku Baah II.’s business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent OTCmarkets.com filings. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.
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