$SUBB Updates Shareholders on Diamond Concession

$SUBB Updates Shareholders on Diamond Concession Acquisition

2014-03-05 07:02 ET - News Release HENDERSON, NV(eTeligis.com)

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."