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Article: Custom Branded Networks, Inc. to Acquire Five Mineral Titles in South Gobi Region of Mongolia.
- Article from:
- Business Wire
- Article date:
- May 9, 2003
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Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--May 9, 2003
Custom Branded Networks, Inc., a Nevada corporation ("CBN") announced today that it has contracted to acquire five mineral titles in the South Gobi Region of Mongolia. CBN's contract with the vendor grants CBN the right to choose for acquisition, five of 14 mineral titles held by the vendor. Pursuant to the contract, CBN is required to pay US$50,000 and deliver to the vendor 5,000,000 shares of CBN common stock in exchange for the five mineral titles chosen. CBN has paid the requisite US$50,000 and is waiting for the vendor to make necessary legal arrangements to be able to ...