Britannia Merger Integrates Operations Across Three Continents -- Establishing End-to-End Commodities Turn Key Solution
October 24 2013 - 8:33AM
Marketwired
Britannia Merger Integrates Operations Across Three Continents --
Establishing End-to-End Commodities Turn Key Solution
Establishes Communications for New Public Entity and Announces
Launch of New Website (www.BritanniaMining.com)
NEW YORK, NY--(Marketwired - Oct 24, 2013) - Britannia Mining,
Inc. (OTC Pink: BMIN) (www.BritanniaMining.com) (BMIN or the
Company), 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 today that the
Company has completed its integration and consolidation of business
across three continents -- clearing the way for the new US entity
to begin full development operations.
"Now that we have wholly integrated our predecessor and
streamlined operations, we are ready to move forward; developing
iron ore projects as well as the gold exploration legacy projects,"
stated Kenneth Roberts, CEO of Britannia Mining. "Our
communications with the public markets and our shareholders shall
resume today. Going forward, we have a great deal of information to
discuss; potential new revenue opportunities in Spain and Malaysia,
intentions for the Yukon gold claims, significant funding options
and geological insights that could support current iron ore
prospects to be potentially classified as 'World Class Assets' [100
Million tons or more]."
As of May 31st, 2013, the Company officially completed the
combined process of the reverse merger and reverse split.
Management determined at that time, due to the usual market lull
experienced during the 3rd QT, along with the time needed to
complete the integration of three international companies,
communication with the public would resume in the 4th Qt.
Nonetheless, even through the summer months, the Company's market
value reflected as much as 400% gains since the reverse split --
with no retraction below the original split price of $0.03.
With the summer months past and operations across three
continents having now been consolidated and fully integrated,
management's expectations for Britannia Mining are high. Already
improving its reporting status from 'Pink Sheet Limited' to
'Current Filer', there should be little time wasted before
significant benchmarks are met and the Company seeks to become
'Fully Reporting'.
Mr. Roberts concluded, "Britannia Mining is positioning to
become an 'End to End' commodities turn key solution. With a
diversified structured portfolio, substantial capital pipelines and
very strong regulatory support, we believe Britannia Mining will be
one of the most noted mineral exploration companies to emerge from
the micro-cap markets in 2014."
About Britannia Mining Britannia Mining is an explorer and
developer of mining projects targeting 100 Million Tons (MT) iron
at the Nthale project. The company is developing a high grade iron
ore project in Malawi and holds an Exclusive Prospecting License
(EPL) for iron ore over 650 sq km at Nthale, Blantyre. From
magnetic imaging studies that have been completed over 20 sq km,
the company has located a number of ore bodies that indicate this
area alone could yield upwards of 40 million tons iron ore. The
company intends to mobilize a drilling program at Nthale Hill where
upon completion and approval by a competent person, the data will
provide a resource definition at this area.
Britannia Mining has also inherited the legacy projects
(properties, claims, etc) of the former Micron Enviro Systems and
now has added to its diversified portfolio a number of gold claims,
leases and permits in the Yukon.
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 judgement 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