DOLV Dolat Ventures, Inc. Recent News Updates 09-2
Post# of 4081
Not too much here recently.
NEW YORK, NY--(Marketwired - April 06, 2017) - DOLAT VENTURES, INC. (OTC PINK: DOLV) announces recent corporate developments.
The control of the Company was acquired by Mr. DeQun Wang on January 11, 2017 pursuant to an agreement that was entered into on December 2, 2016. On that date Mr. Wang acquired 300,000 shares of the Company's Class C Preferred Stock which is convertible into 750,000,000 shares of the Company's common stock and carries an equal number of votes.
Incorporation authorizing the preferred stock, the Company also acquired all of the issued and outstanding shares of Ji Ming Yang Amperex Technology Limited (Ji Ming Yang), a Chinese corporation in exchange for one hundred thousand Class D Preferred Stock convertible into 100,000,000 shares of the Company's common stock. Subject to FINRA approval the Company will reflect the new business combination by changing its name to JB&ZJMY Holding Company, Inc. and seeking a new symbol.
About Ji Ming Yang Amperex Technology Limited
Founded in March of 2015, http://zhongjimingyang.com/en Ji Ming Yang focuses on the development of batteries for "New Energy Vehicles". The company possesses a number of patents seeking to enhance and extend battery life while also reduce operating costs. The Company seeks to commercialize solutions to the problems faced by all vehicle battery manufactures, such as shortage of battery life, expensive materials, and charging station issues.
As part of the acquisition the company will be offering to current and future employees based in the Peoples Republic of China the opportunity to purchase new JB&ZJMY common stock units for $0.10 (Ten Cents USD) per share with one warrant attached exercisable for two years at $0.15 (Fifteen Cents USD) for a total of 10,000,000 (Ten Million) units pursuant to a Regulation S offering on a best efforts basis expiring on July 17th 2017.
The Company intends to file consolidated financial statements reflecting the acquisition during the next two weeks. We thank our shareholders for their interest in the Company and patience while we bring our filings current.
Legal Disclaimer
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.
Contact Information
Richard Oravec
Investor Relations
(212) 924-3548
info@pivoassoc.com
Dolat Ventures Inc. To Reduce Outstanding Stock
Management to return 8,161,244 shares to treasury and reduce outstanding stock by more than 18%
New York, NY (FSCwire) - Dolat Ventures Inc. (OTC PINK: DOLV) announced today that its officers and directors are returning all 8,161,244 common shares held by its officers and director in exchange for preferred stock. Dolat has completed a corporate restructuring and Millenium Mining LLC its wholly owned subsidiary has signed a joint venture partnership with a private investor to restart diamond mining at its mining location near Bo, Sierra Leone. The joint venture will be financed by private funds, for the purpose of dredging, mining, continuing exploration and collecting and selling diamonds, and other deposits and Millenium Mining will put forth its mining license with all landowners in the Tikonko Chiefdom into the joint venture.
“In anticipation of additional short term acquisitions, we are reducing the common stock outstanding to 36,910, 392 shares, so that we have the ability to issue new stock for these value based acquisitions, said Dovid Hauck, Chief Executive Officer of Dolat Ventures Inc. “Management will have preferred shares to steer the company, and we have been working for a long time to move our automation process forward. We are focused on the long run of our operations not short term,” he added.
Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports. Historically the company has averaged close to 0.4 carats per ton of rock processed by artisanal mining since 2008. The company is in the process of bringing in the capital to automate to move production up to 800-1000 tons per day.
For more information please visit: www.dove-diamonds.com
About Dolat Ventures Inc. (OTC: DOLV)
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. Millenium Mining LLC is the company’s wholly owned subsidiary, and mining site located near Bo, Sierra Leone. The company has been in operations for nearly eight years and has sold its rough diamonds in the United States. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Dovid Hauck - President
Phone: (702) 751- 3560
EMAIL info@dove-diamonds.com
info@dolatventures.com
Web : www.dolatventures.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/dolat12122014.pdf
Source: Dolat Ventures Inc. (OTC Pink OLV)
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Dolat Ventures Inc. Moves Forward With Private Investment into Diamond Mine Assets
Operating Subsidiary Millenium Mining Expects to Increase Production through Joint Venture
New York, NY (FSCwire) - Dolat Ventures Inc. (OTC PINK: DOLV) announced today that it has completed a corporate restructuring and that Millenium Mining LLC its wholly owned subsidiary has signed a joint venture partnership with a private investor to restart diamond mining at its mining location near Bo, Sierra Leone. The joint venture will be financed by private funds, for the purpose of dredging, mining, continuing exploration and collecting and selling diamonds, and other deposits and Millenium Mining will put forth its mining license with all landowners in the Tikonko Chiefdom into the joint venture.
“It has been a long time, but we are finally ready to move from artisanal mining on the Sewa River, to full scale diamond production and automation,” said Dovid Hauck, Chief Executive Officer of Dolat Ventures and Millenium Mining. “Historically where we are located we have averaged approximately 0.4 carats per ton of rock, with a daily average of six to ten tons of production per day by artisanal mining when in production. By being able to fully dredge, get the modern equipment needed, and fully automate we will expect to process up to 800-1000 tons of rock per day. We have been mining here for nearly eight years and we know the carat concentration averages are fairly steady, the business is built on being able to process large amounts of rock every single day,” he added.
Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports.
Mr. Hauck noted, “Our investing partner is committed to the full range of financing needed for the project and we expect to be able to announce full details shortly. We presently are finalizing Sierra Leonean legal agreements, with the US based joint venture agreements already signed.”
For more information please visit: www.dove-diamonds.com
About Dolat Ventures Inc. (OTC: DOLV)
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. Millenium Mining LLC is the company’s wholly owned subsidiary, and mining site located near Bo, Sierra Leone. The company has been in operations for nearly eight years and has sold its rough diamonds in the United States. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Dovid Hauck - President
Phone: (702) 751- 3560
EMAIL info@dove-diamonds.com
info@dolatventures.com
Web : www.dolatventures.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/dolat12092014.pdf
Source: Dolat Ventures Inc. (OTC Pink OLV)
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2014 Filing Services Canada Inc.
Dolat Ventures Inc. Completes Corporate Restructuring
Operating Subsidiary Millenium Mining LLC Signs Financing Agreement
New York, NY (FSCwire) - Dolat Ventures Inc. (OTC: DOLV) announced today that it has completed a corporate restructuring and that Millenium Mining LLC its wholly owned subsidiary has signed a joint venture partnership with a private investor to restart diamond mining at its mining location near Bo, Sierra Leone. Terms of the agreement have not been released but the company expects to outline its financing path to restarting its operations.
Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports.
For more information please visit: www.dove-diamonds.com
About Dolat Ventures Inc. (OTC: DOLV)
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds & Mining intends to sell, market, cut and distribute its diamonds and gems around the world. Millenium Mining LLC is the company’s wholly owned subsidiary, and mining site located near Bo, Sierra Leone. The company has been in operations for nearly eight years and has sold its rough diamonds in the United States. The company intends to purchase rough and uncut diamonds and gems from international suppliers globally.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Dovid Hauck - President
EMAIL info@dove-diamonds.com
info@dolatventures.com
Web : www.dolatventures.com
Phone: 323-271-7548
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/DolatDec12014_1.pdf
Source: Dolat Ventures Inc. (OTC Pink OLV)
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2014 Filing Services Canada Inc.