Britannia Mining Plc, a UK based mining development company, reconfirmed for its international shareholder base that the Company has executed an Agreement and Plan of Merger with U.S. based Micron Enviro Systems (Symbol:MSVS); merging the two companies.
“This merger marks a turning point for Britannia Mining,” stated Kenneth Roberts, CEO of Britannia Mining. “Joining with a public company enables us to leverage the growth, assets, revenues and investment interest we already demonstrate. We should also have greater access to capital on a global scale.”
Britannia is focussed on delivering huge resource potential to its new Micron shareholders through its existing projects. The company also anticipates acquiring a balanced portfolio of mineral prospects as near term income generating assets.
Roberts concluded, “We couldn’t be more pleased with the progress made between our organizations. The newly formed conglomerate between Britannia and Micron is sure to propel us as an industry leader; allowing us the opportunity to continue with our business plan in an entirely new manner. Not only are we expected to begin our work at Nthale Hill before originally anticipated, we will also be exploring our newly acquired Gold Claims in the Yukon.”
Management intends to have the merger ratified no later than December 21st, 2012, but in the meantime, is already hard at work creating added value for both current and new investors/shareholders. Britannia seeks to grow the newly formed entity into a mid-cap company rather quickly; developing a sizeable portfolio of first rate global assets.
- 16 Nov, 2012
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