CORRECTION: Nevis Announces Investment In Bougainville Development, LLC
Jul 21, 2014
OTC Disclosure & News Service
Lake Kiowa, TX –
NevisCapital Corporation (OTC: OCEE), is pleased to announce that they have signed afinal agreement with Bougainville Development, LLC, a Mississippi Limited Liability Company, to acquire a 50% ownership of BougainvilleDevelopment in an all stock transaction consisting of Nevis common stock. The principal asset ofBougainville is a wholly owned subsidiary, Tall J(PNG) Ltd. of Papua, New Guinea, that has the contractual rights with the PapuaGovernment to harvest the timber and to explore and develop the underlyingminerals on 255,000 acres in Section 1645. Bougainville has a current investment in excess of $ 4,000,000 USD inthis project. Mr. Stephen Strauss, BD Director, estimatesthat production should commence within 12-15 months for delivery of finishedmaterials to Asian markets. Surveys from ITTO estimate that this tract containsapproximately 2.5 million cubic meters of timber valued at $ 1.3 Billion at currentprices, generating estimated revenues of $ 37 Million annually over a 35 yearproduction and reforestation cycle. ThePapua Government has endorsed the economic growth and development of theirnatural resources. Exxon Mobil hasrecently invested $ 19 Billion in Papua, NG, building one of the largest LiquidNatural Gas (LNG) projects in the worldwhich began shipments in May with anticipated annual revenues of $ 7.2 billion. Nevis Capital expects the operational profitsfrom this investment, the previously announced US producing oil and gasinvestment and expansions thereof, the Macau Live Online Gaming investment, andinitiatives to acquire interests in profitable Medical Marijuana ancillaryproduct producers to rapidly increase shareholder value for this developmentstage holding company.
This Press Release maycontain certain forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. The Company has tried, wheneverpossible, to identify these forward-looking statements using words such as”anticipates,” “believes,” “estimates,””expects,” “plans,” “intends,””potential” and similar expressions. These statements reflectthe Company’s current beliefs and are based upon information currentlyavailable t. o it. Accordingly, such forward-looking statements involve knownand unknown risks, uncertainties and other factors which could cause theCompany’s actual results, performance or achievements to differ materially fromthose expressed in or implied by such statements. The Company undertakesno obligation to update or advise in the event of any change, addition oralteration to the information catered in this document Release including suchforward-looking statements.
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