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Coro Mining Corp announces private placement financing


Thursday, 12 Dec 2013 11:52am EST 

Coro Mining Corp:Says a non-brokered private placement of up to 22,500,000 units (Units) at a price of $0.10 per Unit to raise gross proceeds of up to $2,250,000.Says each Unit will be comprised of one common share of the company and one half of a common share purchase warrant.Says each Warrant will entitle the holder to acquire an additional common share of the company at an exercise price of $0.15 for a period of three years.Says the Warrants will be subject to a forced exercise provision after one year in the event the volume weighted average trading price of the company's common shares on the Toronto Stock Exchange is equal to or above $0.30 for 20 consecutive trading days.Says the company may pay cash finder's fees of up to 6 pct of the proceeds on a portion of the Private Placement.Says the net proceeds of the Private Placement will be used to advance the company's drill program on the El Desesperado Property and for general working capital.Says Insiders of the company may participate in the Private Placement. 

Company Quote

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19 Dec 2014