The Company retains LehmanJones and Partners [HK] Ltd. to manage
China fundraising efforts
Dec. 16, 2010 (Business Wire) -- United Mines, Inc. (OTCBB: UNMN) ("United Mines" or the "Company"), a U.S. precious metals mining company based in Tucson, Arizona, announced that it has signed an investment Letter of Intent with a major China investor group arranged by LehmanJones and Partners [Hong Kong] Ltd. LehmanJones has been engaged to lead, manage and advise United Mines investments and fund raising in China, Hong Kong and across Southeast Asia as growth capital advisors. Initial consultations, strategic investment structure and private investor meetings took place in Beijing, China, resulting in a binding Confidential Letter of Intent (LOI). The terms and conditions of the LOI and investment closing date have not been disclosed under mutual confidentiality agreements. The Chinese investment groups' due diligence team will leave for Arizona shortly.
Mr. Lawrence Gochioco of LM Gochioco and Associates of Houston, Texas, who led the geology team in China for LehmanJones, stated, "Our 3-D imaging processes will define UMI's vast silver, gold and copper resources."
Mr. Edward Lehman, Managing Partner of Lehman, Lee and Xu, a licensed China law firm, and founding member of LehmanJones and Partners, invited UMI's Chairman, President and CEO, Mr. Glenn E. Martin, to Beijing to introduce Chinese investment partners and discuss capital platforms for United Mines Inc.
Mr. Lehman stated, "China's mining sector demand has created immediate global market expansion with direct interest in the US sizable, stable and underserved metals asset holdings, which is a profound strength of UMI."
Mr. Kenneth Roland Jones, Managing Partner of LehmanJones and Partners [HK] Ltd., was lead negotiator in the weeklong discussions, resulting in the executive agreement and document preparation for long-term relations between the parties.
"LehmanJones is most enthusiastic about the prospects of releasing UMI's trapped values to be unearthed for the benefit of the China investor group and all UNMN shareholders," stated Mr. Jones. "We are pleased to serve as adviser on this special purpose capital placement for UMI as a transparent, compliant and fully reporting public company, from which the Company may achieve its ambitious 2011 operating, development, profit and shareholder value goals."
Mr. Glenn E. Martin expressed congratulations and deep appreciation for everyone's nonstop efforts and expertise in these historic undertakings for the benefit of United Mines shareholders and the Chinese investment groups' participation, while creating American jobs.
"I couldn't be happier with the results of the hard work of Mr. Lehman and Mr. Jones," proclaimed Mr. Martin." I look forward to establishing a long-term alliance working closely with our new Chinese partners to fulfill the goals of our relationship."
Mr. Martin added his variation of Chinese philosopher Lao-Tzu, "A journey of 10,000 miles starts with the first step." That first step has now taken place.
For more information about United Mines, please visit http://www.unitedmines.com.
LehmanJones and Partners [Hong Kong], Ltd. is a private and exclusive provider of growth capital solutions. The firm is a leading innovator of capital creation for enterprise growth to serve as an expansion platform bridge between Europe, the Americas and China. LehmanJones offers over a decade and a half of aligned and integrated research, strategy, planning, legal, accounting/audit, capital packaging and placement consulting professional services, with offices throughout China as well as in Europe and the US assisting select clients such as - Aventis Novaris, Lenovo Group, Sun Microsystems, China Life, International Paper, Qingdao Brewing, R J Reynolds, Haier, Newscorp, Nestle', Ping'an, BASF, Fiat, Hilton Hotels.
For more information, visit www.lehmanjones.com.
This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.
United Mines, Inc.
Mr. Glenn E. Martin, 520-742-3111
Chairman of the Board