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Dear Shareholders:
Management and the Board of Directors look forward to interacting with each of our Shareholders at the announced Shareholders Meeting in Las Vegas on Sunday, February 24 at 2 p.m. at the Orleans Hotel & Casino.
The conduct of the meeting format will be to transact Company matters in statutory compliance with Securities and Exchange Commission and Nevada Regulatory Standards of business practices. This will afford Management and the Board of Directors a face-to-face opportunity to discuss a chronology of issues that have transpired since the Shareholders Meeting conducted on September 23, 2006.
As each of you have been apprised, through our Company website, our Representative has been actively engaged in examining and assessing numerous proposed Joint Venture Agreements with multiple suitors. This process has been entertained with the ultimate consideration being the finalization of the best possible long-term relationship for the benefit of Cerro Dorado Shareholders. It has been a long, demanding and arduous task, taking far longer to complete than anyone anticipated or envisioned.
This Shareholders Meeting is also to update, as much as Management is legally allowed, the current status of the Alto de Lipangue property agreements. Our Company Representative and Medinah Minerals President, Juan José Quijano Fernández, will travel from Chile for a formal presentation to shareholders, with a full assessment and update on the status of contracts.
While Cerro Dorado, Inc. is at the finish line of the expected Joint Venture Agreement, it is possible that a signed Agreement may not be finalized and notarized prior to the Shareholders Meeting.
The Board of Directors
Cerro Dorado, Inc.
Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Cerro Dorado, Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially form those anticipated in such statements. Important fators that could cause actual results to differ materially from the Company's expectation are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
Return to News
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