Posted On: 01/14/2014 8:41:11 AM
Post# of 145150
$SUBB on radar since they expect to sign a definitive agreement by or before January 30, 2014
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.
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