Pensacola, FL, December 11, 2012 - EnviroXtract, Inc. (OTC PINK: EVXA) Board of Directors has received an approved Amendment to its Articles of Incorporation with the State of Wyoming that has changed the name of the corporation from EnviroXtract, Inc. to Mission Mining Company. The name change to Mission Mining Company officially became effective with the Wyoming Secretary of State on November 19, 2012. The Company plans to immediately begin procedures necessary to file a corporate action with FINRA to effect a formal change of its listed name and ticker symbol on OTC Markets Pink Sheets.
Pursuant to a formal Agreement executed between EnviroXtract, Inc. and Western Gold Company, LLC, that effected the acquisition by EnviroXtract, Inc. of 100% ownership in the six BLM claims that make up the Nevada Gold Star mining property, the Company will immediately begin restructuring its Common and Preferred stock under the terms of the Agreement. A reverse split of the Company's stock is anticipated to occur in conjunction with the FINRA filing for name and symbol changes. In exchange for its transfer of 100% ownership rights to six BLM claims that make up the Gold Star mining property, Western Gold Company, LLC, will exercise its option to effect the issuance of an additional series of Preferred stock to Western Gold Company (or its Assigns), in conjunction with a stock split and the issuance of new shares and/or the redemption of existing Common and Preferred shares as necessary for Western Gold Company, LLC, (or its Assigns) to control approximately 90% of both the Common and Preferred stock in the Company. Under the terms of the Agreement, new Common shares issued to Western Gold Company, LLC, would be registered in a formal registration statement within 120 days of the date of issuance.
About EnviroXtract:
EnviroXtract, Inc. (soon to become Mission Mining Company) has changed its primary industry and business model from technology development to a concentrated focus on gold and silver mining. The Company has recently acquired 100% ownership in the Gold Star mining property in western Nevada, holding an estimated $725 Billion in total Measured, Indicated, and Inferred gold and silver reserves. The Gold Star Mine is a large, desert placer mining property in Esmeralda County, Nevada, near the town of Goldfield. It is comprised of six U.S. Bureau of Land Management claims making up 960 acres of total land area. The Gold Star Mine promises to be a cornerstone development project, under which EnviroXtract plans to pursue the mining and production of gold and silver ores. Continuing its commitment to restructure the Company on behalf of its shareholders, Management has made a decision to focus on the acquisition and development of large US gold and silver mining properties.
As a result of the acquisition of the Gold Star Mine, the Company has increased its total assets by $400 Million, as reflected in its 3rd Quarter Financials filed with OTC Markets. Additional announcements regarding changes to the Company's Management team and Board of Directors are forthcoming.
Gold and Silver Mining Company EnviroXtract Inc Announces Corporate Name Change to Mission Mining Company
About EnviroXtract:
EnviroXtract (soon to become Mission Mining Company) is modifying its primary industry and business model from technology development to a concentrated focus on gold and silver mining. The Company has recently acquired 100% ownership in the Gold Star mining property in western Nevada, holding an estimated $725 Billion in total Measured, Indicated, and Inferred gold and silver reserves. The Gold Star Mine is a large, desert placer mining property in Esmeralda County, Nevada, near the town of Goldfield. It is comprised of six U.S. Bureau of Land Management claims making up 960 acres of total land area. The Gold Star Mine promises to be a cornerstone development project, under which EnviroXtract plans to pursue the mining and production of gold and silver ores. Continuing its commitment to restructure the Company on behalf of its shareholders, Management has made a decision to focus on the acquisition and development of large US gold and silver mining properties.
The Company has recently filed its 3rd Quarter Financials with OTC Markets, increasing its total assets by an estimated $400 Million. Additional announcements regarding changes to the Company's Management team and Board of Directors are forthcoming.
