Britannia Receives Funding Timetable From REM Capital for Pending Financial Infusion
June 05 2014 - 8:35AM
Marketwired
Britannia Receives Funding Timetable From REM Capital for Pending
Financial Infusion
European Finance Group Firms Up Eight Figure Financing for
Britannia
NEW YORK, NY--(Marketwired - Jun 5, 2014) -
Britannia Mining, Inc. (OTC Pink: BMIN) (PINKSHEETS:
BMIN) ("Britannia" or the "Company"), a UK-based mining
development Company, announced today, that European private equity
firm, REM Capital, has provided Britannia with a draft timetable
for an intended third quarter capital infusion.
Now positioned to generate
sustainable revenue through two ready mined iron ore supply
outlets, secured in the first quarter by Britannia's CEO Kenneth
Roberts, investment opportunities have solidified substantially. An
investment package originally contemplated by REM Capital at the
beginning of the
year (http://finance.yahoo.com/news/britannia-mining-talks-european-finance-141144320.html),
has now come into play.
Mr. Kenneth Roberts stated,
"We are certainly prepared to properly leverage and deploy this
capital in the immediate execution of our ready mined operations in
Malaysia, as well as the expansion of our exploratory and
development operations in both Malawi and the Yukon."
The company anticipates that
it will begin yearly distribution of roughly 1.2 million metric
tons
(http://finance.yahoo.com/news/britannia-executes-second-mou-valued-130000753.html;_ylt=AwrBJR7rSotT3nIAvl.TmYlQ) of
ready mined iron ore through Malaysian ports. Management has
indicated, that while the anticipated revenues are substantial, the
upcoming capital infusion will better position Britannia to take a
larger stake in Malaysian export operations, significantly
increasing the ready mined revenue model.
Mr. Roberts concluded, "With a
funding commitment of this size, we expect that in 2014, we will be
able to begin growing Britannia to an economic level our
shareholders will appreciate and greatly benefit from."
About Britannia Mining
Britannia Mining is a natural
resources development company that is focused on acquiring high
quality mineral, mining and other commodity based projects. The
company is committed to developing revenues by conducting
exploration, evaluation and trading activities. The company's
mission is to secure commodities by developing immediate and near
term product pipelines for iron ore and other natural
resources.
Acquisition Focus The
Company is targeting revenue producing assets and is currently in
negotiations regarding acquisition and trading 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.
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