China ShouGuan Mining Corporation (0001493893)

WEB NEWS

Monday, September 27, 2010

IPO Activity

China ShouGuan Mining Corporation plans to go public. China Shougan had previously completed a reverser merger transaction with private Nevada shell company.

Company Snapshot:

Mining company principally engaging in the project management of gold mining operations

Use Of proceeds:

Assuming all of the shares being offered are sold, the gross proceeds to us will be $500,000.  We expect to disburse the proceeds in the priority set forth below, within the first 12 months after successful completion of this offering and receipt of the funds:

Proceeds to Us:                                                     
 
 $  500,000
     
Analyzing geological reports of potential mining projects    
 
200,000
Transfer Agent and filing fees
 
10,000
Accounting, Auditing and Legal
 
15,000
Office and Administration                                                                                           
 
 75,000
Working Capital
200,000
                                  
   
     
Total Net Proceeds                              
 
 $  500,000

Underwriter: Plans to self underwrite

Proposed offering price: $0.50

Post IPO Share Calculation:

  • 100,000,000: Pre IPO fully diluted share count used in EPS calculation.
  •     1,000,000: Newly issued shares.

GeoTeam® best effort calculation of total post IPO share count:   101,000,000

Financial Snapshot: Losing Money



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