CWRN: C.E.O. Explains Board of Directors Realignment of Share Structure

* Reuters is not responsible for the content in this press release.

Thu Jul 30, 2009 8:30am EDT

  HOUSTON, TX, Jul 30 (MARKET WIRE) -- 
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- Robert L. Cotton Jr.,
President, C.E.O. and B.O.D. Chairman, announced today that two of the
company's affiliate shareholders have returned 2,995,000,000 restricted
shares for cancellation. Mr. Cotton stated, "We have been inundated with
e-mails and phone calls by our shareholders who have been concerned and
somewhat confused by the large outstanding share count of the company.
Many of our shareholders have asked if the company has any plans for a
reverse split, there is not and should not be any reverse splits in the
future as the company will begin a stock buy-back program once production
starts on the Baja Pacific Iron Ore Mining Project. I will try my best to
explain how and why we issued those shares to begin with.

    "In the fall of 2008 we had executed a first stage agreement (a memorandum
of understanding) with a Chinese investment group to join with us in the
development of our Baja Pacific Iron Ore Mining Project; it was decided by
all parties to wait until after the Olympics to sign the final terms and
conditions contract. During this period of time, the Chinese Government
had closed many steel mills to reduce air pollution in northern China,
millions of tons of raw crude iron ore accumulated on the docksides
reducing demand for the materials; together with the slow down in the
steel industry our potential partners decided to withdraw their offer.

    "As a part of the offer to finance the Baja Pacific Mining Project, the
Chinese group would receive a large block of CWRN restricted shares;
however, our board of directors was concerned about losing the voting
control of our common shares and by unanimous consent voted in favor of
the insiders and affiliates to keep in place at all times a three to one
common shares voting majority; thus, the company's outstanding share count
increased to cover both the SEC ten percent rules for issuing new shares
and position the company's founders to maintain control of the company.

    "Effective as of July 30, 2009 the following share structure of CWRN." As
stated by Mr. Cotton:


Authorized Common Shares                  : 6,000,000,000

Issued and Outstanding Shares             : 2,308,601,980

Issued and Restricted Shares              : 2,009,297,818

Issued and Free Trading Shares            :   299,304,162

Issued and Free Trading Shares Held in Electronic Trade
 Accounts: 173,763,364 as per the latest Depository Trust
 Corporation (DTC) Report.

Issued and Free Trading Shares not Controlled by Insiders
 or Friendly Shareholders, approximately: 55,000,000

    
About Cotton & Western Mining, Inc.

    Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) was founded in early 2005
as a Nevada Corporation by Robert L. Cotton, with a specific plan and goal
in mind; that being, to operate a low cost and high profit junior "Iron
Mineral Mining" company. Cotton & Western Mining's mission is to offer
reliable, high-quality and cost effective raw materials to the steel
manufacturing industry on a global scale. For more information, please
visit the company's website at www.cottonwestern.com.

    Safe Harbor: Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. The Company intends
that such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to be
dependent upon outside capital to sustain its existence. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's actual
results may differ materially from expected results.

    

Contact:
e-media Direct, Inc.
Investor Relations
(866)284-2835
info@e-mediadirect.com

Copyright 2009, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.