$SUBB pre-mkt News! Suburban Minerals in the Process of Selecting an Investment Bank

2014-02-25 07:01 ET - News Release HENDERSON, NV via eTeligis - Suburban Minerals Corp. (OTC Pink: SUBB) announced today that it is in the process of selecting an investment bank to deal with the upcoming financial requirements in the near term as well as the long-term.

According to the company, since the announcement of the letter of intent, the company has been searching for an investment bank that is familiar with diamond mining operations as well as emerging markets. Several investment banks have been reviewed and one in particular has been short listed. The company is now working towards signing a corporate finance agreement with the investment bank before the end of March.

"We are coming to the conclusion of the diamond concession acquisition and it is important to have all the elements in place and hit the ground running," said Tim Sperling, President & CEO of Suburban Minerals Corp. "We have been given a great opportunity to build a sustainable business and there are many elements to deal with and hiring an experienced investment bank to deal with our requirements is a key milestone for our company."