SOURCE: Suburban Minerals Corp.
HENDERSON, NV--(Marketwired - Jan 15, 2014) - Suburban Minerals Corp. (OTC Pink: SUBB) announced to its shareholders today that management is moving forward with the acquisition of the Diamond Mine in the Central African Republic.
According to the company, legal representatives of both organizations are working diligently on completing the acquisition agreement. The agreement is expected to be signed on or before January 21, 2014 and the closing upon completion of the formal due-diligence and receipt of all transfer approvals.
"We are glad to announce to our shareholders that we are now finalizing the acquisition agreement after long beneficial negotiations," said Tim Sperling, President & CEO of Suburban Minerals Corp. "We want to assure our shareholders of our transparency and our hope is to continually provide updates on our progress, and or any delays which can occur with such a substantial acquisition."
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.