SOURCE: Suburban Minerals Corp.

March 05, 2014 07:15 ET

Suburban Minerals Updates Shareholders on Diamond Concession Acquisition

HENDERSON, NV--(Marketwired - Mar 5, 2014) - Suburban Minerals Corp. (OTC Pink: SUBB) provided an update to its shareholders today as it relates to the Diamond Concession acquisition.

According to the company, the closing of the transaction is imminent and is pending the completion of debt settlements and to divest the company of unproductive assets it currently holds. These last steps toward the closing are important and necessary, but are only a formality.

"We are glad to report on our progress to our shareholders as it relates to this very important diamond concession acquisition," said Tim Sperling, President & CEO of Suburban Minerals Corp. "We have been working with our legal counsel since the meeting in New York City in early February and are very satisfied with the progress of closing such an important 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 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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