LAS VEGAS, July 29, 2014 /PRNewswire/ -- Amarium
Technologies, Inc. (OTC: AMMG) through its wholly owned subsidiary
Amarium Minerals Inc., reports that the Company has signed a
definitive agreement to acquire the El Desvan Cobre SA property,
located in Michoacan,
Mexico. Amarium completed the agreement to acquire a 100%
interest in the El Desvan from Minera Rio Cobre SA de CV, after
signing a Letter of Intent to acquire the mine on June 18th, 2014. Terms of the
agreement have not been released at this time, but the Company
reports the value of the acquisition at USD $7.9 million.
"We are absolutely thrilled to complete the acquisition of El
Desvan, and continue our mission of expanding the Company's
footprint in the region. Michoacán is one of the premiere copper
producing areas in Mexico, and El
Desvan has been the focus of both previous exploration and artisan
production," expressed Adam Carter,
the President and CEO of Amarium. "It is our clear mission to
expand our portfolio of mineral assets through either acquisition
or exploration, and El Desvan is a truly rare opportunity that fits
our mandate in every conceivable manner."
Amarium is focused on the acquisition and development of base
metals projects in Mexico that are
currently in or near production and advanced exploration properties
that will add substantially to the Company's asset foundation.
Management is continuing to actively pursue mineral interests that
represent significant growth, value and cash flow
opportunities.
For additional information, please
visit: http://www.amariumminerals.com.
This press release contains statements that are forward-looking
and which involve a number of risks and uncertainties. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in question are based on Amarium
Technologies, Inc.'s current expectations and projections about
future events, based on information currently available. The
forward-looking statements found in this press release may also
include statements relating to Amarium Technologies, Inc.'s
anticipated financial performance, business prospects, new
developments, strategies, and similar matters. Amarium
Technologies, Inc. provides no assurance regarding the actual
outcome of the events contemplated by any forward-looking
statements included in this release. Amarium Technologies, Inc.
disclaims any obligation to update any of its forward-looking
statements, except as may be required by law.
Contacts:
Amarium Technologies Inc.
Investor Relations, 800-983-0814
Fax: 800-320-4180
info@amariumminerals.com
SOURCE Amarium Technologies Inc.
