Brazil based minerals mining company C2C Exploration announced this morning, the company has already received more than sufficient capital to fund the expansion of its Bahia operations in North Eastern Brazil.
Feb. 26, 2013 - Chief Executive Officer at C2C Exploration Mr Chris Jarvis made a public announcement today at a press meeting to be held Sao Paulo city centre pertaining to the realisation of US$300 million the company has sought from investors in order to finance its Bahia drilling programme. This announcement goes to demonstrate to the wider general public and the company’s investors, that confidence in C2C Exploration’s latest acquisitions is high, as well as to announce the intent of the C2C board of directors to expand and invest in assets beyond the borders of Brazil in 2013-2014.
CEO Mr Chris Jarvis commented “C2C Exploration is cash rich at this moment and we fully intend to take advantage of this and our position within the current marketplace to create value for our shareholders. Our Bahia project is at present the flagship of our fleet of investments, and we expect to be judged upon our successes in Bahia.”
Mr Jarvis further said “The rate of financing invitations taken up by our investors in this case is testimony to the excellent work we are doing and to public confidence in our abilities to ensure consistent growth and prosperity over the coming years”.
Exploration drilling continues at the Ibirapuera site in Bahia, and as yet the full extent of the local mineralisation on this site remains unconfirmed. CEO Chris Jarvis however remains confident that the income from this operation will significantly augment that received from the company’s two existing sites in Minas Gerais, and Carajas, and will ultimately serve to greatly enhance shareholder value.