NEW YORK, NY -- (Marketwire) -- 01/29/13 -- Micron Enviro Systems, Inc. (PINKSHEETS: MSVS), an emerging mining company, announced that the Executive Management of Britannia Mining Plc, a UK based mining development company [recently merged with MSVS -- pending shareholder ratification], are en route to the United States to conduct the Special Meeting for MSVS shareholders.
"We truly believe this is a pivotal moment for all persons invested with both companies," stated Kenneth Roberts, newly appointed CEO of Micron Enviro Systems. "We take the matter of merging Micron and Britannia very seriously. We excitedly look forward to executing our first corporate action as the new executive staff of Micron and are very pleased to be participating at this event in New York City.
"While there are no guarantees, we intend to set a precedent by enacting a code of business that should allow this company, be it an Over The Counter traded company or other exchange, to be operated and governed with the utmost level of diligence and respect for all stakeholders. We have big plans, and we're hoping to begin the morning of Friday, February 1st, 2013, should shareholders vote in favor of the proposed merger."
The shareholders of Micron will be meeting on Thursday morning, January 31st, 2013, at the offices of Sichenzia Ross Friedman Ference LLP, to vote on the merger between MSVS and Britannia. Discussions of the planned merger range from a company name change to a reduction of authorized shares. The company anticipates being able to discuss the particulars on Wednesday, through a public release (press and/or other means), upon the approval of counsel. It is anticipated, based on the current proxies returned, the company will likely have more than enough shares to ratify the merger.
Roberts concluded, "We are just as aware as the investors are of the pitfalls of merging and operating within this particular market place. However, based on the feedback of the proxies, the public is as positive as we are in presuming the right decision is being made. From there, with structured exploration, an expanded technical team and the credentials of renowned industry professionals, we intend to bring growth and prosperity."
About Micron Enviro Systems
Micron Enviro Systems is an emerging mining company which explores and pursues opportunities in gold, coal and lithium. Much of the business set in leveraging various gold claims, leases and permits to enhance shareholder value. Over the course of 2012, in narrowing its scope of operation, Micron surrendered various leases and permits unrelated to gold.
In October of 2012 Britannia Mining (UK company), solidified its interest in Micron and executed an agreement to Merge with Micron pending ratification by shareholders.
Micron Enviro Systems is now headed by the CEO of Britannia Mining, Mr. Kenneth Roberts.
For more information, please visit www.micronenviro.com.
About Britannia Mining
Britannia Mining is an explorer and developer of mining projects. The company is developing a high grade iron ore project in Malawi and holds an Exclusive Prospecting License (EPL) for iron ore over 650 sq km at Nthale, Blantyre. From magnetic imaging studies that have been completed over a test area of 20 sq km, the company has located a number of ore bodies that indicate this 20 sq km area could yield upwards of 40 million tonnes iron ore. The company intends to mobilize a drilling program, where upon completion the company expects to provide a resource definition of the first target at Nthale Hill.
Britannia Mining is in talks with a number of potential partners to implement a near term mining plan at Nthale Hill.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at http://www.sec.gov/. For all details regarding working interests in all of MSVS's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.
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