SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
April 21, 2004 (April 21, 2004)
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RUBY MINING COMPANY
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(Exact Name of Registrant as Specified in its Charter)
Colorado 0-7501 81-0214117
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
One Securities Centre, 3490 Piedmont Road, Suite 304, Atlanta, Georgia 30305
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(Address of principal executive offices)
404-231-8500
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(Registrant's telephone number, including area code)
3399 Peachtree Road N.E., Suite 810, Atlanta, GA 30326
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
See attached News Release.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
RUBY MINING COMPANY
(Registrant)
Dated: April 21, 2004 By /s/ G. Howard Collingwood
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G. Howard Collingwood
Chairman and CEO
2
WEDNESDAY, APRIL 21, 2004
ATLANTA, APRIL 21, 2004 / MacReport.net /-- RUBY MINING COMPANY (OTC Bulletin
Board: RUBM) ("Ruby"), which conducts its operations through its wholly-owned
subsidiary, Admiralty Corporation ("Admiralty"), announced that it has named G.
Howard Collingwood as Chairman of the Board and Chief Executive Officer. He
replaces Herbert C. Leeming in those positions. Mr. Collingwood joined Admiralty
in November of 2003 as President and Chief Operations Officer. He has been
affiliated with Admiralty as an investor and a Director for the past several
years. Before joining Admiralty he was Vice President of Corporate Operations
for CTB International, a company owned by Warren Buffett.
The New World Legacy arrived in Jamaica last week to begin its work in the
waters of the Pedro Bank. Admiralty's field unit, incorporating the proprietary
ATLISTM detection technology designed to locate, quantify and distinguish among
various metals, including gold and silver, in a marine environment, which was
scheduled to be completed this month, is now expected to be completed in
September due to delivery delays associated with certain components. However,
this delay is not expected to materially impede operations on the Pedro Bank
project because the initial work preparatory to the deployment of the ATLIS(TM)
unit involves magnetometry and sub bottom profiling. The data from this
profiling will then be married with archival research to select shipwreck
targets. The next step will be "ground truthing" (the process of verifying what
an image really represents) via divers to more precisely pinpoint targets, after
which the ATLISTM field unit will be deployed to detect the presence of gold and
silver.
Last Monday, a demand letter was sent to the attorney representing Ocean
Resources in the International Recovery Group matter demanding that the
$1,000,000 License Fee due Ruby be paid within 10 days in certified funds.
However, even if this money is received, additional monies and obligations will
remain owed, including the furnishing of a search and recovery vessel by Ocean
Resources or its affiliate and the payment of 50% of all search costs and
expenses. No response to the demand letter and no monies have been received by
Ruby as of this date.
Additional information about the company can be found at
www.admiraltycorporation.com;
Forward-Looking Statements Caution:
This release contains "forward looking statements." Such statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward looking statements are based on expectations,
estimates and projections that involve a number of risks and uncertainties (some
of which are described in the Company's Annual Report for 2002 on Form 10-KSB
filed with the SEC) which could cause actual results or events to differ
materially from those anticipated. Ruby does not undertake to update any of its
forward-looking statements that may be made from time to time.
SOURCE: Ruby Mining Company
CONTACT: G. Howard Collingwood, COB & CEO
(404) 231-8500 URL: http://www.admiraltycorporation.com
http://www.macreport.net