Xynergy Holdings and Texas Wyoming Drilling, Inc. Sign Letter of Intent to Fund Certain Operations
LAS VEGAS, May 7, 2012 /PRNewswire/ -- Texas Wyoming Drilling (OTC: TWDL) announced today that they have signed a Letter of Intent with Xynergy Holdings, Inc. (OTC: XYNH).
Xynergy Holdings intends to assist in the funding and operations owned by TWDL including, but not exclusive to, the Yellow Jacket Mine located at Logandale, NV, the Blue Jacket Mine located in Nelson, NV, and additional funding of the NI43-101 Technical Report for certain mines owned by TWDL.
Xynergy Holdings would be included in management decisions regarding leasing, funding and joint ventures.
The parties have 45 days to turn this into a definitive, binding agreement.
TWDL is a diversified company involved in mining development. Through its Legacy Rock Division, the Company is currently concentrating on gold and precious metals, as well as calcium carbonate and decorative rock. M3Mining.com website.
FORWARD LOOKING STATEMENT
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well as the assumptions on which such statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Media and Investor Relations Contact:
A.S. AUSTIN COMPANY, INC.
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