Cerro and Datinvest Letter of Intent Expired
26 9월 2013 - 8:58AM
Access Wire
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Vancouver, B.C., September 25th, 2013 -
CERRO MINING CORP. (TSX-V:
CRX) ("Cerro") and Datinvest International Ltd.
(NEX: DAI.H) ("Datinvest")
report, further to the joint news release of August
30, 2013, that the letter of intent, as amended, has expired and
the parties have mutually decided not to move forward with the
proposed business combination. Cerro is actively pursuing
alternative financing opportunities.
About
Cerro Mining Corp.
Cerro is a publicly
traded, junior exploration and mineral development company with a
strong portfolio of precious and base metal projects in Chile, Peru
and USA. Cerro has a 100% interest in the Lajitas and Nevada
gold-copper properties located in the Maricunga Gold and Copper
District and approximately 700 kilometres northwest of Santiago,
Chile. The properties comprise ten exploration claims and six
exploitation claims totalling a cumulative 3,500 hectares in area.
Cerro holds a 100% interest in the Tinton Gold Project located 15
kilometres west-northwest of the famous and historic Homestake Mine
in the Black Hills at Lead, South Dakota. The Tinton property
consists of 1,270 hectares contained in 157 unpatented mining
claims.
For further information about Cerro
Mining Corp. and this news release, contact Herrick Lau, director,
at 604-688-9588.
About
Datinvest International Ltd.
Datinvest is listed on
the NEX, a separate board of the TSX Venture Exchange. Datinvest
has no business or operations.
For further information about
Datinvest International Ltd. and this news release, contact Balraj
Mann, director, at 604-601-2018.
On Behalf of the Board of Directors,
On Behalf of the Board of Directors,
CERRO MINING CORP.
DATINVEST INTERNATIONAL LTD.
"Herrick Lau" "Balraj Mann"
Herrick Lau Balraj
Mann
Director Director
Cautionary Statement Regarding
"Forward-Looking" Information
Some of the
statements contained in this press release are forward-looking
statements and information within the meaning of applicable
securities laws. Forward-looking statements and information can be
identified by the use of words such as "plans", "expects",
"intends", "is expected", "potential", "suggests" or variations of
such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be
taken, occur or be achieved. Forward-looking statements and
information are not historical facts and are subject to a number of
risks and uncertainties beyond the control of Cerro and Datinvest.
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. Cerro and Datinvest undertake no
obligation to update publicly or otherwise revise any
forward-looking statements, except as may be required by
law.
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.
Cerro Mining Corp. (TSXV:CRX)
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