June 29, 2012: Vancouver, B.C. – Oracle Mining Corp. (Stock Profile – TSX:OMN & OTCQX:OMCCF) announced Cong Bin Liu as a new addition to the board.
Mr. Liu is the chairman of RichStone Investment Co. Ltd., a company focused on investment in the exploration and development of base metals, oil and coal. Established in 1997, RichStone has 11 subsidiaries, plus area and administrative offices and research centres throughout China, employing nearly 1,000 people. RichStone owns 19.9 per cent of Oracle Mining’s outstanding common shares and is the corporation’s largest shareholder.
“Since our initial meetings with RichStone, our partnership has continued to grow and strengthen,” said Mr. Eagland, Oracle Mining’s executive chairman. “We are humbled by the support and dedication that Mr. Liu and RichStone have shown towards the Oracle Ridge copper mine project, and we look forward to strengthening our partnership as we return the mine to production.”
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