Steele Recording Corp. Begins Major Acquisition
Company Enters Into LOI on 8 Exciting Projects
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Carson City, NV --(www.USEquityNews.com)-- 07/06/2010 - Steele Recording Corporation (OTCBB: SELR) today that its wholly owned subsidiary Steele Resources, Inc. has entered into a definitive LOI with RS Gold, LLC. whereby it will acquire ownership of 873 claims totaling approximately 17,500 acres in the state of Nevada. The land package consists of 8 separate properties, most of which are currently leased by major gold producing companies for exploration. This latest acquisition dramatically increases the company's property portfolio and upon execution of a formal agreement, will establish revenue from the existing lease payments.
Company CEO Peter Kristensen stated, "This is a very large deal that creates extraordinary value for our company and its shareholders. These properties are in prime locations and are being explored by some of the largest gold producing companies in the world. We will move quickly to complete our due diligence and financing on this acquisition so that we can release more information about this asset, and our plans for the future."
Under the banner of SRI, the company will also continue to develop its Comstock-Tyler Project as well as aggressively seek other projects, joint ventures, and acquisitions, in order to continue to expand its property portfolio in gold and silver producing regions of the US.
More information about Steele Resources, Inc. can be found at www.steeleresources.com.
Safe Harbor Statement
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Recording Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Recording Corp. cautions investors that any forward-looking statements made by Steele Recording Corp. are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Recording Corp.'s mining properties, the unproven nature of and potential changes to Steele Recording Corp.'s business model, the risk that the capital and other resources that Steele Recording Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Recording Corp.'s most recent Form 8-K dated June 17, 2010 and in Steele Recording Corp.'s future filings with the Securities and Exchange Commission.Contact Information:
Contact:
Website: www.steeleresources.com
Phone: Scott Dockter
530.672.6225
U.S. Equity News
Tel: (949) 517-2426
Email: info@usequitynews.com
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