SOURCE: Suburban Minerals Corp.
January 07, 2014 14:25 ET
HENDERSON, NV--(Marketwired - Jan 7, 2014) - Suburban Minerals Corp. (OTC Pink: SUBB) announced today the signing of a letter of intent to acquire a producing Diamond Mine in the Central African Republic.
According to the letter of intent, the diamond mine will be acquired with the issuance of restricted company stock as well as carry a royalty component. The company expects to sign a definitive agreement by or before January 30, 2014. The signing of this LOI is a key milestone in changing the company's business from prospecting to producing and creating sustainable value for shareholders.
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 statements 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.
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