ABOT Mining provides corporate updates on its OTC Tier status
SHERMAN OAKS, Calif., May 16, 2012 /PRNewswire/ -- ABOT Mining (Pink Sheets: ABOT.pk) is pleased to provide the following corporate update that it has begun the process of updating its OTC reporting status directly through the OTC Disclosure and News Service, offered by OTC Markets Group on www.otcmarkets.com. The Company further anticipates upgrading its OTC tier status to OTC Pink Current in the immediate future.
"The Company plans to become fully compliant with OTC Pink Current tier status. This will allow for greater liquidity, increased transparency, and competitively priced quotes for our investors," said Imran Firoz, President of ABOT Mining. This is further evidenced by the data released by OTC Market Group for month ended April 2012, where average dollar volume per security traded by companies under OTC Pink Current, OTC Pink Limited Information and OTC Pink No Information status was $335,187, $123,813 and $92,315 respectively.
As stated in previous press releases, the Company strongly believes that its strategic location of the Aztlan 8 B Property provides an extraordinary opportunity to develop economically viable gold structures either independently or through strategic partnerships. This will be the Company's first step towards becoming a solid junior exploration and acquisition participant in this historically prolific region.
About the Company
ABOT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Sherman Oaks, California. ABOT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Imran Firoz, President
ABOT Mining Co.
13920 Moorpark Street, Suite 201,
Sherman Oaks, CA 91423
T: +1 818.302.0100
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