TORONTO, March 25, 2013 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company") announces that the ejido of San Antonio de la Huerta (i.e., local
land owners) caused an illegal stoppage of the mining and
crushing/stacking operations at Luz del Cobre. The plant continues to
operate and copper cathodes are being produced as the flows of PLS to
the plant and of raffinate to the leach pad are continuing.
The Company is working with the local authorities, the Association of
Miners of Sonora, the Chamber of Mines in Mexico City, and others, to
bring a prompt resolution of this matter.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements, which are subject
to risks and uncertainties and other factors that may cause the
Company's results to differ materially from expectations. Specifically,
this news release contains forward-looking information regarding the
Debt Settlement and the proposed terms thereof, and the approval of the
Debt Settlement, including the issuance of the Debt Shares, by the TSX
Venture Exchange. Accordingly, readers are cautioned not to place undue
reliance on this forward-looking information. The Company does not
assume any obligation to revise or update this forward-looking
information after the date of this news release or to revise such
information to reflect the occurrence of future unanticipated events,
except as may be required under applicable securities laws.
SOURCE: Red Tiger Mining Inc.
For further information:
Red Tiger Mining Inc.
20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada
Fax: 416 367 3638
Dr. Thomas Utter
President and CEO
Tel.: +1 52 662 311 8839
CFO and Secretary
Tel.: 416 637-1517 x 107