Brief: Coro Mining Corp says private placement of up to 100 mln common shares

Marimaca Copper

24/05/2016 16:19

May 24 (Reuters) -  
    * Coro mining corp says private placement financing of up to 
100 million common shares at $0.10 to raise gross proceeds of up 
to $10 million 
    * Coro mining corp says has entered into binding term sheet 
with greenstone resources l.p 
    * Coro mining corp says company owes us$8.1 million to 
greenstone pursuant to terms of certain convertible debentures  
issued by company to greenstone 
    * Coro mining says in event repayment amounts are not 
repaid,  they will convert into common shares of company at a 
price of c$0.04 per common share 
    * Coro announces private placement and amendment to 
conversion terms of outstanding convertible debentures 
 
Source text for Eikon:  ID:nMKWVJWRBa  
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