Sources: Port of Call Online, Inc., Yuba City, Calif.; CP staff
A venture stage company with OTC Markets Group-traded shares, Port of Call Online (POCO) has entered an agreement to purchase a 280-acre, San Bernardino County, Calif., plot known as the Snow White Pozzolan Mine from U.S. Mine Corp. of Cameron Park, Calif.
“[The] acquisition advances our focus on development, mining and full-scale exploitation of industrial mineral and natural resource properties,” says POCO CEO A. Scott Dockter. “We are in the process of introducing product samples to a number of prospective customers in the California cement industry. We believe this acquisition presents the company with significant upside potential with respect to booking new, long-term off-take and sales agreements as we establish ourselves in the cement community.”
Snow White Pozzolan Mine comprises 80 acres of railroad land and 200 acres of Bureau of Land Management property with mineral and water rights. The $650,000 transaction is subject to the Bureau approval of transferring U.S. Mine’s Mining and Conditional Use Permit to POCO. The parties project a mid-January closing.
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