Britannia Confirms Merger With U.S. Mining Company
LONDON, Nov. 16, 2012 /PRNewswire/ -- 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 mean time, 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.
About Micron Enviro Systems, Inc.
Micron, a public company, trading under the symbol (MSVS) is an emerging mining company that plans on pursuing opportunities that will enhance shareholder value. Please visit Micron's website for more information of the locations of Micron's prospects at www.micronenviro.com.
If you have any questions, please call Micron at 516-474-0310. If you would like to be added to Micron's update email list, please send an email to email@example.com requesting to be added.
About Britannia Mining
Britannia Mining is an explorer and developer of mining projects. The company is developing a high grade iron ore project in Malawi and holds an Exclusive Prospecting Licence (EPL) for iron ore over 650 sq km at Nthale, Blantyre. From magnetic imaging studies that have been completed over a test area of 20 sq km, the company has located a number of ore bodies that indicate this 20 sq km area could yield upwards of 40 million tonnes iron ore. The company intends to mobilise a drilling program, where upon completion the data will provide a resource definition of the 20 sq km test area.
Britannia Mining is in talks with a number of potential partners to implement a near term mining plan at Nthale Hill.
SOURCE Britannia Mining Plc