SOURCE: Micron Enviro Systems, Inc.
NEW YORK, NY--(Marketwire - Dec 20, 2012) - Micron Enviro Systems, Inc. (PINKSHEETS: MSVS), an emerging mining company, announced today that the Company and Britannia Mining Plc, a UK based Mining Development Company, have set a shareholder meeting to ratify the previously announced merger upon completion of the upcoming shareholder vote.
"This is the moment we've all been working towards," stated Kenneth Roberts, newly appointed CEO of Micron Enviro Systems. "The moment where both management and shareholders finally get the opportunity to come together, to make those important decisions which will secure a new and prosperous path for the combined companies."
Both companies have extended a number of resources in an effort to solidify the working relationship and future prospects. This, in hopes of delivering to shareholders a transformed and emerging company expected to strengthen and grow shareholder value and confidence. Extensive planning has taken place since the completion of the merger agreement to ensure all of the corporate servicer debts are paid, determining the most feasible and attractive capital structure for shareholders as well as preparing all of the legal paperwork for a proxy vote at the upcoming shareholder meeting.
"We strongly feel time is of the essence," continued Roberts. "We do not intend to become distracted from the business of mining and therefore need to conclude the process of bringing these two companies together; transitioning Britannia's full management and consulting team into Micron forthwith. However, we will not substitute diligence for haste. Therefore, the Board of Directors and attorneys at both firms have taken the necessary time and steps to make sure this merger is appropriately concluded; with each of our shareholders having the ability to participate."
There has been an overwhelming response and increase in shareholder participation over the past 90 days. Taking this into consideration, along with the extended diligence of company counsel, both companies have agreed to conduct the shareholder meeting at a time where more shareholders would likely have the ability to participate. However, given the time of year -- where there are a number of festive and religious holidays/events Worldwide -- it has been determined that the shareholder meeting should be conducted in January 2013. Management hopes this change will encourage greater shareholder participation.
Friday, December 28th, 2012, has now become the effective date for all registered shareholders. This meaning, every registered certificate shareholder, as well as every shareholder listed on the company's NOBO (Non-Objecting Beneficial Owners) as of December 28th, 2012, will have the ability to participate in the ratification process by way of the shareholder vote. The complete voting process and instruction will be forwarded by mail to each of those shareholders.
Roberts continued, "All shareholders of record should look to receive a Notice of Special Meeting in the mail. This package will include: 1. Plan of Merger, 2. Voting Instructions and 3. Proxy Voting Statement. Information within this packet will also note the voting time and the New York City location in which the actual vote will transpire."
The current ETA of the shareholder vote is set to take place on January 31st, 2013.
Robert's concluded, "This will be an excellent way to kick off the New Year. We are confident that Micron shareholders will support the plan of merger and come voting day, will move to ratify the advent of a new and positive future for the company. The opportunities and prospects on the horizon, along with the current ventures in play, should positively set the stage for matters pertinent to investors: growth, increased revenues and shareholder value."
About Micron Enviro Systems
Micron Enviro Systems is an emerging mining company which explores and pursues opportunities in gold, coal and lithium. Much of the business set in leveraging various gold claims, leases and permits to enhance shareholder value. Over the course of 2012, in narrowing its scope of operation, Micron surrendered various leases and permits unrelated to gold.
In October of 2012 Britannia Mining (UK company), solidified its interest in Micron and executed an agreement to Merge with Micron pending ratification by shareholders.
Micron Enviro Systems is now headed by the CEO of Britannia Mining, Mr. Kenneth Roberts.
For more information, please visit www.micronenviro.com.
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 License (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 mobilize a drilling program, where upon completion the company expects to provide a resource definition of the first target at Nthale Hill.
Britannia Mining is in talks with a number of potential partners to implement a near term mining plan at Nthale Hill.
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 judgment 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 MSVS's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.