Britannia Mining in Talks With European Finance Firm -- Pursuing Eight Figure Capital Infusion
December 10 2013 - 9:11AM
Marketwired
Britannia Mining in Talks With European Finance Firm -- Pursuing
Eight Figure Capital Infusion
REM Capital Infusion Poised to Exceed USD $25 Million
NEW YORK, NY--(Marketwired - Dec 10, 2013) - Britannia Mining,
Inc. (BMIN or the Company) (OTC Pink: BMIN), the successor of a
merger between UK based mining development company Britannia Mining
Plc and U.S. based Micron Enviro Systems (Former Symbol: MSVS),
announced that the company anticipates a capital infusion in excess
of USD $25 Million through a senior debt facility proposed by REM
Capital -- an European private equity firm founded by Gavin Scott;
fund manager recently appointed to Britannia's board as a
Non-Executive Director
(www.britanniamining.com/britannia-mining-strengthens-board-appointment-non-executive-director/).
"Securing substantial, non-toxic financing, affords us not only
the ability to pursue the completion of our current projects, but
to aggressively leverage revenue generating opportunities that are
immediate and can positively impact our 2014 balance sheet," stated
Nicola Newmarch, COO of Britannia Mining.
Management is confident that the formal proposal from REM
Capital will arrive closer to USD $40 Million, given the greater
immediate income value of acquisition targets and current resource
projects. A formal offer from REM Capital is anticipated prior to
the upcoming holidays. This will give Britannia the ability to
begin preparing the roll-out of their 2014 plan.
Ms. Newmarch concluded, "We believe that REM Capital truly
recognizes the value in Britannia's mineral projects as well as
this management's capability. With a first round capital infusion
of this size, we will have the means to expedite various programs
which will establish viable profit centers for the Company."
About Britannia
Mining Britannia Mining is a mining development company that
is focused on acquiring high quality mineral and mining projects.
The company is committed to developing revenues by conducting
exploration and evaluation activities. The company's mission is to
identify potential mineral targets to deliver value via developing
sales opportunities.
Acquisition Focus The company is targeting revenue
producing assets and is currently in negotiations regarding
acquisition of mineral stockpiles.
Exploration Focus The company has been developing a
high grade iron ore project in Malawi and is currently renewing the
Exclusive Prospecting License (EPL) for iron ore over 650 sq km at
Nthale Blantyre. The company is targeting 100 Million Tons (MT)
iron at Nthale Hill (20 sq km).
Britannia Mining has inherited the legacy projects (Gold claims)
of the former Micron Enviro Systems in the Yukon and plans to
conduct sampling on this area.
For more information, please visit www.BritanniaMining.com.
About REM
Capital REM Capital Management is a European investment firm
under private ownership. The firm is centered on three core
activities: Private Equity, Asset Management and Structured
Finance. REM Capital connects clients to the institutional
investment market for banking, asset management, private equity and
structured finance.
The firm operates a quantitative investment model designed to
capture upside while limiting downside and is predominantly focused
to uncorrelated investment returns. The firm's institutional fund
platform provides its investment fund clients with access to
sources of capital for the long term.
Specialties are: Private Equity, Asset Management, Investment
Funds For more information: info@remcm.com
Safe
Harbor
This news release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. In some cases, you can identify forward-looking statements
by terminology such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested herein. Except as required by applicable law, including
the securities laws of the United States, the Company does not
intend to update any of the forward-looking statements to conform
these statements to actual results. Readers are referred to the
sections entitled "Risk Factors" in the Company's periodic filings
with the United States Securities and Exchange Commission, which
can be viewed at http://www.SEC.gov. For all details regarding
working interests in all of BMIN's mining prospects or any previous
news releases go to OTC Markets website. You should independently
investigate and fully understand all risks before making investment
decisions.
Contact information Team BMIN (646) 580-1153
www.britanniamining.com