Samaranta Mining Corporation

Samaranta Mining Corporation

June 17, 2010 11:20 ET

Samaranta Mining Corporation Announces Engagement Agreement with Max Capital Markets, Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2010) - Samaranta Mining Corporation, a Vancouver, B.C. based gold exploration and mining company, is pleased to announce the signing of an investment banking agreement with Max Capital Markets, Ltd. Samaranta has exclusive control over several potentially very lucrative gold projects in the "Frontino Gold Belt" near Segovia, Colombia. Samaranta is focused on "brown field" projects near lucrative existing mines and projects that are close to production that could provide significant cash flow in the short term. Samaranta is currently privately held, and expects a liquidity event in the near future. Dr. Volkmar Hable, CEO of Samaranta, said, "We are excited to be working with a large, stable, and powerful company like Max Capital, and we expect to be able to achieve all our goals in order to create significant value for our shareholders."

Max Capital, with offices in Toronto, Vancouver, and London, is an industry leader in providing capital raising and advisory services for late stage private firms in the Canadian marketplace. Scott Walters, Managing Partner of Max Capital, said, "Max Capital intends to use their deep domain knowledge and significant experience to allow Samaranta to move their projects forward and to give current and future shareholders an opportunity to take advantage of the company's hard work."

About Samaranta

Samaranta Mining Corporation is a Vancouver, BC based company currently engaged in the mining and resource sector throughout the world. It is currently focusing its energies in Colombia, with an emphasis on growing production at gold, silver, and other base and precious metal properties.

Safe Harbor Statement:

This release may be deemed to contain forward-looking statements under applicable securities laws. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, but not limited to: the ability of the Samaranta management team to effectively manage current mine operations; and legislative, regulatory or economic developments. Except as required by applicable securities law, Samaranta undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Except as required by applicable law, Samaranta is not responsible for updating the information contained in this communication beyond the published date, or for changes made to this communication by wire services or Internet service providers.

Contact Information

  • Samaranta Mining Corporation
    Kyle French
    EVP/Corporate Operations