Britannia's initial Diamond Transaction sets pace for $1.2 Million in profit
Diamonds in Transit to North East Initiate Precious Stones Commodities Contract
NEW YORK, Dec. 22, 2014 /PRNewswire/ -- Britannia Mining Inc. (OTC Pink: BMIN) ("Britannia" or the "Company"), a UK based mining and commodities development Company, announced today, that Britannia has made its initial shipment of raw, uncut diamonds to a U.S.-based international inspection facility. This process was initiated to facilitate a buy/sell contract for precious stones – setting pace for an anticipated $1.2 Million in profits from this single contract; multiple others are already lined up.
"Our portfolio of tradable commodities has realized a very strong demand for precious stones," stated Kenneth Roberts, CEO of Britannia Mining. "This has initiated the recent activity of our buy/sell commodities' trading division, to procure the commodity and facilitate the transaction for qualified buyers and sellers throughout the world. This batch of diamonds we've shipped to the North East region for inspection and purchase, solidifies just one of many such annual, multi-million dollar transactional contracts."
Insiders say this first transaction could result in a projected annual turnover of up to $12 Million gross. As a commodity distributor, Britannia's earnings are based on a percentage of each transaction. Considering this is one of several multi-million dollar contracts available to Britannia's commodities' trading division, precious stone transactions are expected to add considerable value to the Company's 2015 earnings.
Roberts concluded, "Someone's Christmas just got better. As for Britannia, the money generated on this transaction, is just a prelude to what we further envision for 2015. We have established a great team; our combined experience enables us to deliver precious products from one continent to another, within a total transit time of one week. Our framework utilizes professional processes and quick delivery. This in turn leads to rapid deal execution, and ultimately, quicker revenues delivered to Britannia."
About Britannia Mining
Britannia Mining is a natural resources development company focused on acquiring high quality commodity-based projects. For more information on the Company's Mission, Acquisition & Exploration, visit "About Britannia Mining": http://www.britanniamining.com/about/company-overview/
Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Team BMIN, (646) 580-1153
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SOURCE Britannia Mining Inc.