LAS VEGAS, December 5, 2013 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company is nearing completion of a gold and silver property acquisition. The target property is located in Mexico with significant surrounding infrastructure already in place and has historical production.
"We are expecting to have the negotiations finalized and the acquisition completed before the end of the year and our 4th quarter, which would be a thrilling asset addition for Amarium's management team and shareholders. The bottom line is that once completed, the acquisition would strategically diversify the Amarium property portfolio to include vital exposure to the lucrative precious metals market," said Adam Carter, President and CEO of Amarium. "The Sierra Madre Gold Belt is world renowned for high grade gold and silver mineralization and we had been exploring numerous opportunities when this property became available. We feel that it fits well into our existing business model and can be a potential revenue center in the near-term."
Amarium is focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
For additional information, please visit: http://www.amariumminerals.com
This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.'s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Amarium Technologies Inc.
Investor Relations, 800-983-0814
SOURCE Amarium Technologies Inc.