HENDERSON, NV–(Marketwired – Feb 25, 2014) – Suburban Minerals Corp. (OTC Pink: SUBB) announced today that it is in the process of selecting an investment bank to deal with the upcoming financial requirements in the near term as well as the long-term.
According to the company, since the announcement of the letter of intent, the company has been searching for an investment bank that is familiar with diamond mining operations as well as emerging markets. Several investment banks have been reviewed and one in particular has been short listed. The company is now working towards signing a corporate finance agreement with the investment bank before the end of March.
“We are coming to the conclusion of the diamond concession acquisition and it is important to have all the elements in place and hit the ground running,” said Tim Sperling, President CEO of Suburban Minerals Corp. “We have been given a great opportunity to build a sustainable business and there are many elements to deal with and hiring an experienced investment bank to deal with our requirements is a key milestone for our company.”
About Suburban Minerals Corp.
Suburban Minerals Corp is a publicly traded company seeking to acquire and operate producing mines in challenging world economies, to provide the highest return on investments and create long term sustainable value to its shareholders.
Safe Harbor Statement:
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include regarding the intent, belief or current expectations of Suburban Minerals Corp., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Article source: http://www.otcmarkets.com/stock/SUBB/news?id=76231