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Tombstone Exploration Corporation (TMBX) recently announced that it has received $100,000from the saleof restricted Common Stock from a private investor. Thestock was pricedat $.10/share. Proceeds will be used for general workingcapital.
Alan Brown, President and CEO of TMBX, stated, "This isthe first in aseries of funding that we expect to receive from long-terminvestors. Thereceipt of this initial investment will enable TMBX to continuetostrategically develop its Tombstone acreage plus begin effortsto add otherpromising opportunities to our current property." Tombstone Exploration Corporation (TMBXF) is focused primarilyonexploration and development of mineral resources. At thecompletion of thefeasibility study, the Company will then consider jointventure mining orsome other scenario that would eventually expedite a miningoperation onthe Tombstone property. More often in these scenarios, theCompany wouldbecome subject to take over offers based on a positive economicfeasibilitystudy. The Company understands that the discovery to feasibilityphasegenerally offers the best return on investment to shareholders.TombstoneExploration Corporation has the mineral rights to approximately11,500acres of historical mining land in the areas around Tombstone,Arizona andis now the largest landholder in the Tombstone Mining District.Throughexpansion, the Company will acquire new properties.
For more information on Tombstone Exploration Corporation,please visitwww.tombstonemining.com.
FORWARD-LOOKING STATEMENTS Statements contained herein that are not historical factsmay beforward-looking statements within the meaning of the SecuritiesAct of1933, as amended. Forward-looking statements include statementsregardingthe intent, belief or current expectations of the Companyand itsmanagement. Such statements are estimates only, as the Companyhas notcompleted the preparation of its financial statements forthose periods,nor has its auditor completed the audit of those results.Actual revenuemay differ materially from those anticipated in this pressrelease. Suchstatements reflect management's current views, are basedon certainassumptions and involve risks and uncertainties. Actualresults, events, orperformance may differ materially from the above forward-lookingstatementsdue to a number of important factors, and will be dependentupon a varietyof factors, including, but not limited to Tombstone ExplorationCorporation's ability to obtain additional financing. TombstoneExplorationCorporation undertakes no obligation to publicly updatethese forward-looking statements to reflect events or circumstances thatoccur after thedate hereof or to reflect any change in Tombstone ExplorationCorporation'sexpectations with regard to these forward-looking statementsor theoccurrence of unanticipated events. Factors that may impactTombstoneExploration Corporation's success are more fully disclosedin TombstoneExploration Corporation most recent public filings withthe U.S. Securitiesand Exchange Commission.
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