$SUBB - Acquisition Agreement is expected to be
Post# of 144481
$SUBB - Acquisition Agreement is expected to be signed on or before January 21, 2014
HENDERSON, NV -- (Marketwired) -- 01/15/14
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."
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