TORONTO, June 25 /CNW/ - Cline Mining Corporation (TSX: CMK) ("Cline" or the "Company") announced that Mr. Shinji Koyanagi has retired from the Cline Board of Directors. Cline would like to thank Mr. Koyanagi for his dedication and contributions to the Company. Mr. Koyanagi has been a tremendous asset to the Company and has helped Cline grow to a near-term producer of high quality metallurgical coal at its New Elk Coal Mine located in Las Animas County, Colorado, U.S.A.
About Cline: Cline has significant metallurgical coal property interests in British Columbia, Canada and in Colorado, U.S.A. Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coals in Canada and the U.S., iron ore in Madagascar and the Cline Lake Gold Mine Property in northern Ontario, Canada.
CLINE MINING CORPORATION
Ken Bates, President and Chief Executive Officer
This news release may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities laws), including information relating to the use of proceeds from the Offering, the magnitude or quality of mineral deposits, the economic assessment and estimates regarding the mine life of the New Elk coal mine, and the timing and completion of financings. The timing of drilling and work recommended by the NI 43-101 Technical Report is based on current internal expectations, which may prove to be incorrect. Other risk factors are discussed under "Risk Factors" in Cline's Annual Information Form for its 2009 financial year end, and include management's ability to anticipate and manage risk factors. Such forward-looking statements necessarily involve known and unknown risks and uncertainties that are common to junior mineral exploration companies. These risks and uncertainties include, among other things, the Company's need for additional funding to continue its exploration efforts, changes in general economic, market and business conditions, and competition for, among other things, capital and skilled personnel. These statements are not a guarantee of future performance and undue reliance should not be placed on them. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable laws. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings.
SOURCE Cline Mining Corporation
For further information: For further information: Ken Bates, President and CEO, Ernest Cleave, Vice-President and CFO, Office: (416) 572 2002, Email: firstname.lastname@example.org; Website: www.clinemining.com