NEW YORK, NY - October 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.
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.
SOURCE: Britannia Mining Inc.