HENDERSON, NEVADA--(Marketwire -02/24/12)- King Resources, Inc. (Pinksheets: KING.PK - News) (www.king-resources.com) Interim management of King is advising its followers that the company intends to redomicile currently in Delaware to Nevada, or Wyoming.
Interim King management is of the opinion that this corporate action warrants a news release as it is a material event. In King management opinion Nevada and or Wyoming are better suited and better received for the company's incoming off shore long term primary exploration and mining company merger targeted venture.
King Management is of the opinion that, a company, during the course of the life and affairs of the company circumstances may change. Directors are sometimes faced with a situation where the rules and regulations then prevailing in the "home" of the company no longer fit the company's purpose, or the prevailing rules. The transfer process should be as seamless as moving from one house to another. The company name and symbol will stay the same.
In other company news, King has aspirations of becoming a fully transparent company with OTC Markets. As previously announced new Adequate Disclosure and legal opinion is currently being drafted by the company agents and its barristers. Until OTC processes KING application and fee to commence filings on OTC Markets; King intends to post its financials on its own website and or its IR firms "Filings, OTC Weekly Reports" Tab section of their web site www.minamargroup.net including a certain research report on the Grid Grabber (Secondary Merger Candidate).
More details and updates will follow shortly and frequently on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of King Resources, Inc., that constitutes forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. King Resources, Inc. cautions you that any forward-looking information provided by or on behalf of King Resources, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. King Resources, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond King Resources, Inc.'s control. In addition to those discussed in King Resources, Inc.'s press releases, public filings, and statements by King Resources, Inc.'s management, including, but not limited to, King Resources, Inc.'s estimate of the sufficiency of its existing capital resources, King Resources, Inc.'s ability to raise additional capital to fund future operations, King Resources, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match King Resources, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. King Resources, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.