NEW YORK, NY -- (Marketwire) -- 02/08/13 -- Micron Enviro Systems, Inc. (PINKSHEETS: MSVS), soon to be officially known as Britannia Mining [pending FINRA Approval], seeks to reaffirm the Dissenters' Rights for shareholders of the Company.
"Transparency is key when looking to establish and maintain a good relationship with shareholders," stated Kenneth Roberts, newly appointed CEO of Micron Enviro Systems. "We strongly believe that the absolute benefit in transparency is found in our investors, confidently knowing they will always be kept informed."
Shareholders were notified of 'Dissenters' Rights' within the cover letter of the Notice of a Special Meeting of the Shareholders of Micron Enviro Systems, Inc. If one chose to assert the right, investors were notified that, pursuant to Nevada Revised Statute ("NRS") § 78.320, stockholders must notify the Company either at the meeting or prior thereto in writing, of their assertion of dissenting rights.
In order to allow non-voting shareholders to exercise their rights, the company is extending the period to February 28th 2013.
The Dissenters' Rights Notice can be found at the company's website (www.micronenviro.com)
The share price value of MSVS has seen a significant increase over the value prior to the announcement of the merger. The pre-announcement value is what would generally be applicable in those cases where Dissenters' Rights are exercised. MSVS/Britannia executives are confident that shareholders see the value add, and will continue to support the company's new management.
Roberts concluded, "As with the initial shareholder vote to ratify the merger, we view our stockholders as partners, therefore we are pleased to reaffirm the opportunity for any person to exercise their Dissenters' Rights should they choose to assert them. I am very confident with my team and what the future may hold for this great company. We are just getting started. I am confident that the shareholders will continue to support what we are doing and afford us the tools we need to build this company."
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.
On January 31st, 2013, in a Special Meeting of Stockholders, the merger between Micron Enviro Systems and Britannia Mining (UK company), was ratified by shareholders.
Micron Enviro Systems, which is now headed by the CEO of Britannia Mining, Mr. Kenneth Roberts, will formally undergo a name change [to Britannia Mining] upon FINRA approval.
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.
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