Cacique Mining, Inc. (OTC Pink: GEGI) is engaged as a Colombian mining company. Shares of the mining company are climbing 16.67% on Monday, June 19, 2017. Over the past month, Cacique Mining, Inc. saw average daily volume of 8.72 million shares. However, volume of 25.49 million shares or dollar volume of $53,529, has already exchanged hands on Monday.
Shares of Cacique Mining, Inc. are rallying on Monday, after the company announced it has closed its first mining project, begun preparing financials to be current, and plans for the remainder of 2017. The company plans to expand operations and get back to full reporting status. Management says more updates coming shortly. Here is the full press release detailing of corporate updates:
Cacique Mining, Inc. Press Release:
CALI, Colombia, June 19, 2017 /PRNewswire/ — Cacique Mining, Inc. (GEGI) announces it has closed on its first mining project. The company announces the Guayuco project based in Colombia. Additionally, the company has made the necessary filling to the State of Nevada, started its process to get current on OTC, and has completed its financials through the first two quarters of 2017. Juan David Perez, CEO, states, “We are extremely excited about this project, and anticipate adding additional projects by the end of 2017. The mining industry is going through a massive expansion in Colombia based on the recent changes in the political and economic climate. This is a great time to be in the mining industry in Colombia. We will continue to update shareholders in the coming weeks, and expect to return to Pink Sheets current in short order.”
Genesis Electronics will change its name to Cacique Mining, Inc.
The Guayuco project is a gallery project. Cacique Mining, Inc. and Green Mine Solutions has entered into an agreement with Inca Worldwide to grow Sacha Inchi on the land above the mine.
The project intends to upgrade an existing small mine that extracts gold from Guayuco vein. The actual operation is mining 2 tons of mineral per day and will be upgraded to a medium size mine in a period of seven years.
About Inca Worldwide
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