Keep an eye out for MINE (Minerco Resources, Inc.) though, as management here at pennystockdream.com seems to feel very strongly that the company conducting the awareness campaign for this one, is very credible, even if not having a significant following among active penny stock investors.
Here is some information on MINE (Minerco Resources, Inc.) as provided by its I-Hub board:
About Minerco Resources, Inc.
Minerco Resources, Inc. (OTCBB: MINE) is a progressive developer, producer and provider of clean, renewable energy solutions in Latin America. Minerco is dedicated to becoming a leader in pioneering clean energy development in Latin America.
Company History
The Company was incorporated in 2007 as a Stage Oil & Gas Company. On March 23, 2010, V. Scott Vanis was appointed President & CEO. Under Mr. Vanis's leadership, Minerco will focus on clean, renewable energy projects throughout Latin America. In line with this new vision, Minerco has acquired 100% of the 6 mega-watt Chiligatoro Hydro-Electric Project in Honduras.
While Minerco operates all over Latin America, Minerco has moved its home office location to the Energy Corridor in Houston, Texas.
New Office Location
16225 Park Ten Place, Suite 500 Houston, Texas 77084 info@minercoresources.com
MINE Security Details
Share Structure
| Market Value1 | $325,374 | a/o Sep 27, 2012 |
| Shares Outstanding | 79,359,509 | a/o Jun 19, 2012 |
| Float | 15,426,922 | a/o Mar 07, 2012 |
| Authorized Shares | 1,175,000,000 | a/o Feb 16, 2012 |
| Par Value | 0.001 |
Shareholders
| Shareholders of Record | 68 | a/o Oct 14, 2011 |
Website
http://www.minercoresources.com/
V. Scott Vanis, President, Secretary, Treasurer, Dir.
Item 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATION ARRANGEMENTS OF CERTAIN OFFICERS
On March 23, 2010, V. Scott Vanis was appointed our President, Principal Executive Officer, Pricipal Financial Officer, Principal Accounting Officer, Secretary, Treasurer, and a member of the Board of Directors.
Mr. Vanis brings a wealth of experience to in the energy sector to Minerco, with a focus in specialized operational and energy related financial services.
From May of 2007 to the present, Mr. Vanis has served as President of TC Energy International, SA., which provides international finance and acquisition services to energy companies, national oil companies and foreign governments. Mr. Vanis facilitated the identification, acquisition and financing of high-value properties in Latin and South America.
From June 2003 to the present Mr. Vanis, has served as as President of VSV Resources, LLC providing engineering consulting services to exploration and production companies, energy companies, national oil companies and foreign governments. He specialized in complicated, high risk operational procedures throughout the world. During his tenure with VSV, Mr. Vanis has also served as a liaison consultant to the Panamanian & Honduran governments to evaluate potential energy reserves and projects in their respective countries.
From June of 2001 to June of 2003, Mr. Vanis as a Staff Petroleum Engineer with Pinnacle Technologies, Inc. and from June of 2000 through June of 2001 he served BJ Services, Inc. as a Field Petroleum Engineer.
Mr. Vanis holds of Bachelor of Science in Petroleum Engineering from The University of Tulsa.
On March 23, 2010, Micheal Too resigned as an officer and director of the Company.
Transfer AgentIsland Stock Transfer 100 Second Avenue South Suite 705S St. Petersburg, FL 33701
Contact :
Minerco Resources, Inc. 7999 Rue Chouinard Lasalle, QC H8N 2E5 Canada
Phone: 514-461-1375
News and Events
Minerco Resources, Inc. Announces Additional Line of Business
HOUSTON, Sept. 25, 2012 /PRNewswire via COMTEX/ -- Minerco Resources, Inc. (OTC.BB: MINE), a progressive developer, producer and provider of worldwide commodities solutions, announced today that the company is adding a retail division to the company.The new management team of the company, with the approval of the board of directors, has voted to expand the company's business model to include a progressive retail division. Based on the company's management experience and its existing presence in Central America, the company's first retail venture will be in the beverage industry, specializing in coffee and energy/vitamin drinks.
After crude oil, coffee is the most sought out commodity in the world and is worth over $100 billion, annually. According to industry experts, worldwide consumption is more than 500 billion cups of coffee every year, over half of Americans (over the age of 18) drink coffee daily and American coffee drinkers average three and one half cups of coffee daily. Specialty beverages, such as energy and vitamin based beverages, have posted significant growth despite the weak economy and low consumer confidence.
"The beverage industry is a proven, yet expanding, industry in the United States and throughout the world. As people become busier and more pressed for time, people are seeking more efficient yet healthy beverages to supplement their busy lives. We plan to deliver a progressive, yet comprehensive, solution for these health conscience, time-pressed consumers. We are working on creating and acquiring specially formulated powder mixes and liquid beverages that will bring significant health benefits to the consumer," said John Powers, President and CEO of Minerco Resources, Inc.
To realize this new, additional business line, Minerco is in negotiations to secure specialty beverage formulation rights to compete in this billion dollar industry.
John Powers, the company's CEO added "Minerco will continue with its progressive energy business. We feel that diversifying into this beverage venture will allow the company, and our shareholders, to realize near term revenue with significantly less capital investment. The company's energy business line will benefit from this new beverage division."
Minerco Resources, Inc. Announces New Chief Executive Officer
HOUSTON, Sept. 21, 2012 /PRNewswire via COMTEX/ -- Minerco Resources, Inc. (OTC.BB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced today that Mr. John Powers has been named President, CEO and Principal Executive Officer of the company.Mr. Powers has worked more than fifteen years in the alternative energy and high tech, retail supply industries. Since 2008, Mr. Powers has served as the CEO of Storm Alternative and Renewable Energy Corp. (SAREC). SAREC develops alternative energy solutions specializing in waste to energy technology and facilities.
Mr. Powers was instrumental in energy management and recycling operations at Digital Equipment / Hewlett Packard. He managed multiple multi-faceted facilities, including inventory and operations with an annual budget of US$20 million, while with Digital Equipment. Mr. Powers received a Bachelors of Science Degree in Business Administration from Southern New Hampshire University in 1992.
Mr. Powers will use his unique operations and management experience to expand and implement the company's progressive business model. Mr. Powers said "I am extremely honored and excited to join Minerco to help the company realize its progressive and diverse business vision. Through existing business models and a few new ideas based on my expertise, I am determined to successfully deliver value to Minerco's shareholders."
"The company is very pleased to announce Mr. Powers as its new President and CEO. He brings a wealth of experience and fresh ideas to the company. The success of Minerco largely relies on the strength, experience, creative ideas and enthusiasm of our people. Mr. Powers fits the company mold perfectly. His energy and management experience will have an immediate impact on our company," said V. Scott Vanis, Chairman of Minerco Resources.
V. Scott Vanis resigned as President and CEO of Minerco effective September 21, 2012 but will remain with the company as the Chairman of the Board of Directors to ensure continuity for the company and its shareholders. On September 21, 2012, Sam J. Messina also resigned from all positions (CFO, Director, Secretary and Treasurer) with the company.
Minerco Resources, Inc. Receives Honduran National Commission of Energy ("NCE") Conformation of the Long-Term Rate Structure for Minerco Resources, Inc NEW Common Stock (USBBNULL) Intraday Stock Chart
Today : Monday 28 June 2010 Click Here for more Minerco Resources, Inc NEW Common Stock Charts.
Minerco Resources, Inc. (OTCBB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced today the company has received official verification and confirmation of the long-term rate structure from the Honduran National Commission of Energy ("NCE") for the company's Chiligatoro Hydro-Electric Project's 30 Year Operations Contract.
The Honduran NCE verified and confirmed the long-term rate structure for the 30 Year Operations Contract for the Chiligatoro Project which is identified as Document Number 2006-E37. The NCE previously approved all the terms of the Operations Contract with the exception of the energy sales rate structure, which it has now done.
The sales rate is published annually by Secretaria de Recursos Naturales y Ambiente ("SERNA"), Honduras's Natural Resources and Environmental Ministry. The average rate, based on Short-Term Marginal Cost, for year 2010 is US$97.96 per mega-watt hour (MW-h) as published by SERNA in La Gaceta on January 15, 2010, Section A: Agreements and Laws No.32, 114, page 8.
As previously released, the Operations Contract defines an initial capacity of 5.2 MW-h for a term of 30 years. Consideration for increased capacity can be obtained based on final plant design. Minerco expects to receive increased capacity approval after submission of the Final Design. The Contract also grants a "First Right of Refusal" for renewal and allowances for all generation, sales and transmission of energy from the Chiligatoro Project. Additionally, the "Transmission Clause" provides Minerco with the ability to charge transmission fees from other operators through the Minerco owned transmission lines.
For electricity generation projects utilizing renewable energy, Honduran Law has provided a 10% price incentive over the short-term marginal cost for a period of 15 years and a tax exemption for a period of 10 years. Therefore, the Operations Contract contains a sales rate of US$107.76 per MW-h (with incentive) for the first 15 years, or US$73.6 million. The following 15 years will utilize a rate of US$97.96 per MW-h, or US$66.9 million. Based on the quoted Short-Term Marginal Costs and legislative incentives, the 30 Year Chiligatoro Operations Contract is valued at US$140.5 million.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements. C. Jones Consulting, Inc. is being compensated $4000.00/month to handle Investor Relations.
Please contact:
C. Jones Consulting, Inc.
cjones@cjonesconsulting.com
Minerco Resources, Inc. Submits Water Contract to Honduran Government for Its Chiligatoro Hydro-Electric Project |
Minerco Resources, Inc NEW Common Stock (USBBNULL) Intraday Stock ChartToday : Monday 28 June 2010Safe Harbor Statement This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements. C. Jones Consulting, Inc. is being compensated $4000.00/month to handle Investor Relations. Please contact: C. Jones Consulting, Inc. cjones@cjonesconsulting.com" We recognize that that is a great deal of information for any penny stock investor to tear through but as always we suggest that all of our subscribers conduct their own research to truly get to know what they are investing in. Pennystockdream.com aims to bring you the absolute best always, with the top penny stock information to be distributed to our free penny stock newsletter investors. As always, this is not always the easiest thing to pull off, as misinformation abounds. Do your Due Diligence! That is how you become a true investor. Good luck friends :-) ~Pennystockdream.com The #1 Source for Penny Stock Information. The #1 Source for penny stock investing. The #1 Source for YOU. This is nothing more than an advertisement, and is not a recommendation to buy or sell any security whatsoever. Before following, reading, acting, or even down right believing anything that we say via any medium, we strongly suggest that you conduct your own research and read our websites full disclaimer found here: http://pennystockdream.com/disclaimer |
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