TORONTO, July 28, 2014 /CNW Telbec/ - Cerro Grande Mining Corporation (the "Company" or "CEG") (TSX: CEG) (OTCQX: CEGMF), the Company has been advised by the Toronto Stock Exchange ("TSX") that the Continued Listing Committee of the TSX has determined to delist the Company on August 25, 2014 primarily under Section 710 (a) (i) Financial Condition.
In the meantime, as stated in the Company's News Release dated June 12, 2014, the Company's Pimenton mine has been in full operation and production.
Cerro Grande Mining Corporation is a minerals producing, exploration and development company with properties and activities currently focused in Chile.
Cautionary Statement on Forward-looking Information
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by the forward looking information. Factors that may cause actual results to vary materially include, but are not limited to eligibility to list the securities of the Company on the TSX Venture Exchange and changes in general economic conditions or conditions in the financial markets. Such forward-looking information is based on a number of assumptions, including but not limited to, there being no significant decline in existing general business and economic conditions. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.
SOURCE: Cerro Grande Mining Corporation
For further information:
ROYAL BANK PLAZA
200 BAY STREET, SUITE 3800
TORONTO, ONTARIO M5J 2Z4
1 KING STREET WEST, SUITE 4009
TORONTO, ONTARIO M5H 1A1
AVENIDA SANTA MARIA 2224
PROVIDENCIA, SANTIAGO, CHILE
Telephone: 56-2-2569 6200
For further information, contact:
Stephen W. Houghton, CEO
David R. S. Thomson, EVP
Telephone: 56-2-2569 6200