Britannia Receives Funding Timetable From REM Capital for Pending Financial Infusion
European Finance Group Firms Up Eight Figure Financing for Britannia
NEW YORK, NY--(Marketwired - Jun 5, 2014) - Britannia Mining Inc. (OTC Pink: BMIN) (
Now positioned to generate sustainable revenue through two ready mined iron ore supply outlets, secured in the first quarter by Britannia's CEO Kenneth Roberts, investment opportunities have solidified substantially. An investment package originally contemplated by REM Capital at the beginning of the year (http://finance.yahoo.com/news/britannia-mining-talks-european-finance-141144320.html), has now come into play.
Mr. Kenneth Roberts stated, "We are certainly prepared to properly leverage and deploy this capital in the immediate execution of our ready mined operations in Malaysia, as well as the expansion of our exploratory and development operations in both Malawi and the Yukon."
The company anticipates that it will begin yearly distribution of roughly 1.2 million metric tons (http://finance.yahoo.com/news/britannia-executes-second-mou-valued-130000753.html;_ylt=AwrBJR7rSotT3nIAvl.TmYlQ) of ready mined iron ore through Malaysian ports. Management has indicated, that while the anticipated revenues are substantial, the upcoming capital infusion will better position Britannia to take a larger stake in Malaysian export operations, significantly increasing the ready mined revenue model.
Mr. Roberts concluded, "With a funding commitment of this size, we expect that in 2014, we will be able to begin growing Britannia to an economic level our shareholders will appreciate and greatly benefit from."
About Britannia Mining
Britannia Mining is a natural resources development company that is focused on acquiring high quality mineral, mining and other commodity based projects. The company is committed to developing revenues by conducting exploration, evaluation and trading activities. The company's mission is to secure commodities by developing immediate and near term product pipelines for iron ore and other natural resources.
Acquisition Focus
The Company is targeting revenue producing assets and is currently in negotiations regarding acquisition and trading of mineral stockpiles.
Exploration Focus
The company has been developing a high grade iron ore project in Malawi and is currently renewing the Exclusive Prospecting License (EPL) for iron ore over 650 sq. km at Nthale Blantyre. The company is targeting 100 Million Tons (MT) iron at Nthale Hill (20 sq. km).
Britannia Mining has inherited the legacy projects (Gold claims) of the former Micron Enviro Systems in the Yukon and plans to conduct sampling on this area.
For more information, please visit www.BritanniaMining.com.
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