Scottsdale, Arizona- El Capitan Precious Metals, Inc. (OTC/BB:ECPN) today announces the creation of a wholly owned subsidiary named ECPN Technologies, Inc.
The purpose of this subsidiary is to segregate assets for the benefits of the existing shareholders. The assets will include, but not be limited to, patent interests in new recovery technology, additional mineral claims and potential royalties which may be earned as a result of a transaction on the approximately 2000 acre site.
The Company is in the process of preparing the approximately 2000 acres for market. An estimated 250 acres of the site has been verified to have at least 141 million tons of measured resources and is owned 100% by El Capitan Precious Metals, Inc.
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The statements included in this press release concerning predictions of economic performance and management’s plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the results of metallurgical testing, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and the possibility that future exploration, development, testing or mining results will not be consistent with past results and/or the Company’s expectations; discrepancies between different types of testing methods, some or all of which may not be industry standard; the ability to mine precious and other minerals on a cost effective basis; the Company’s ability to successfully complete contracts for the sale of its products; fluctuations in world market prices for the Company’s products; the Company’s ability to obtain and maintain regulatory approvals; the Company’s ability to obtain financing for continued operations and/or the commencement of mining activities on satisfactory terms; the Company’s ability to enter into and meet all the conditions to consummate contracts to sell its mining properties that it chooses to list for sale; and other risks and uncertainties described in the Company’s filings from time to time with the Securities and Exchange Commission. The Company disclaims any obligation to update its forward-looking statements.