Kinti Mining Ltd. receives Khangolov Resources’ Equity Position in Palisades Petroleum. Richard Byrd, the CEO of Kinti Mining Ltd., Is extremely pleased to announce that Khangolov Resources has agreed to assign their large equity position in Palisades Petroleum to Kinti Mining Ltd. This will make Kinti Mining Ltd. the largest shareholder in Palisades.
Frank Love, the CEO of Khangolov Resources, states, “I have assigned Khangolov’s equity position to Kinti Mining Ltd. so as to consolidate my mining assets. In addition, I wanted to confirm to the Kinti shareholders that I will make Kinti Mining into a conglomerate housing many different successful projects under one umbrella.”
Richard Byrd further states that he will finalize the record date for the 2 for 1 forward split previously announced within the next few weeks.