FREEHOLD, N.J., July 12, 2012 /PRNewswire/ -- Raptor Resources Holdings Inc., stock symbol: (RRHI) (OTCQB) is pleased to announce its majority-owned, fully reporting subsidiary, Mabwe Minerals Inc., currently trading under the stock symbol: (RPTND) was deemed effective on June 28th, 2012 by both the SEC & FINRA. Mabwe Minerals Inc. will begin trading under its newly issued stock symbol: (MBMI) after FINRA's required 30-day waiting period. Mabwe Minerals Inc., a publicly traded OTCQB subsidiary, is the mining and sales arm of the parent company created to exploit the multiple mineral/metal assets of Dodge Mine with first focus on the mining/sales of barite. Raptor Resources Holdings Inc. closed on the acquisition in December 2011 assuming operational control of Mabwe Minerals Inc. in exchange for 5M shares of the parent company. In return, the parent company received an 80% controlling equity stake in Mabwe Minerals Inc. representing approximately 90M of the outstanding common shares.
For some reason this first paragraph didn't make it on my previous post. Hope this makes sense.
