LAS VEGAS--(BUSINESS WIRE)--The Graystone Company (OTC Bulletin Board: GYST), announced today its goals for 2012.
The Graystone Company is a holding company that owns gold and other mineral properties through its wholly owned subsidiary Graystone Mining. The company currently owns the mineral rights to two properties in Peru comprising approximately 2,950 acres.
History of the Company: The Company was founded in May 2010 on the premise that the officers and directors manage the company for the shareholders and whose focus should be on growing the company through sustainable growth in order to maximize shareholder value. The Company's officers and directors have served as officers and directors of other public companies and have started companies that have grown from no revenue to over $10,000,000 in annual revenues within a few years.
The Company filed its Form 10 and S-1 with the Securities and Exchange Commission on January 27, 2011 and received its effective notice on March 28, 2011 (for a total of 60 days). The Company received its ticker symbol on August 2, 2011.
In January 2011, the officers of the companies set a goal to acquire the Company's initial mining property within 12 months. The Company acquired two properties within six months.
The Company had set a goal of finalizing the bulk sampling phase and obtaining a geologist's report of its initial mining property within six months of its acquisition. The Company completed its bulk sampling phase within sixty days of the acquisition of its initial mining property.
Goals: The Company has established the following goals to be completed by the end of 2012, assuming the Company has the necessary capital:
- To begin the environmental impact study for Gorilla by March 31, 2012
- To begin production mapping of Gorilla by March 31, 2012
- To acquire 5,000 acres of mining properties by June 30, 2012
- To begin initial mapping of our second site, Graystone II, by June 30, 2012
- To begin second phase of bulk sampling with heavy equipment on Gorilla by December 31, 2012
- To acquire 10,000 acres of mining properties by December 31, 2012
- Complete the initial mapping of Graystone II by December 31, 2012
- To identify a hard rock project by December 31, 2012 that can be developed and in production within 3 years
- To access and analyze any other projects and/or opportunities that are presented to the Company
Company's Focus. The Company's focus is on generating revenue through the sale of gold. To this end, Company's management focuses on acquiring properties that will be in full production quickly while we explore for larger hard rock projects.
About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.