Coro Mining arranges $5.25-million private placement
CORO ANNOUNCES PRIVATE PLACEMENT
Coro Mining Corp. has arranged a non-brokered private placement financing of up to 37,522,857 common shares at a price of 14 cents to raise gross proceeds of up to $5,253,200.
The proceeds of the private placement will be used to build out the Berta facilities, for further exploration of the Marimaca project and for general working capital purposes.
The private placement remains subject to approval of the Toronto Stock Exchange.
About Coro Mining
The company’s assets include its 65-per-cent interest in SCM Berta, including the Berta and Salvadora deposits; the Marimaca drill-stage project; the Planta Prat project; the Llancahue prospect; and a royalty on the San Jorge copper-gold project located in Argentina.
http://www.coromining.com/s/newsreleases.asp
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