Cerro Mining Corp. Announces Shareholder Loan - KALB-TV News Channel 5 & CBS 2

Cerro Mining Corp. Announces Shareholder Loan

Posted: Updated:

Vancouver, B.C. / ACCESSIRE / March 21, 2014 / CERRO MINING CORP. (TSX-V: CRX) (Cerroor the Company) announces that it has entered into loan agreements (the “Loan Agreements”) with shareholders of the Company (the “Lenders”) for an aggregate amount of Cdn$60,000 (the “Loan”).

The purpose of the Loan is to provide Cerro with the funds to cover its claim maintenance payments on the Lajitas and Nevada properties in Chile and working capital. The Loan is non-interest bearing and will be repaid at the demand of the Lenders.

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, USA and Atlantic Canada. 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 Sharon Lewis, director, at 604-662-3230.

CERRO MINING CORP.

Jason Birmingham

per

Jason Birmingham, Chief Executive Officer & President

For further information, please contact:

Cerro Mining Corp.

Sharon Lewis

Tel: 604-662-3230

Email: info@capellaresources.com

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.

ReleaseID: 413364

  • Most Popular StoriesMost Popular StoriesMore>>

  • Four arrested in Alexandria for narcotics, theft

    Four arrested in Alexandria for narcotics, theft

    Thursday, August 28 2014 3:28 PM EDT2014-08-28 19:28:19 GMT
    ALEXANDRIA, La. (KALB News Channel 5) - On August 27, 2014, Alexandria Police arrested four individuals on narcotics and theft of a motor vehicle. More >>
    ALEXANDRIA, La. (KALB News Channel 5) - On August 27, 2014, Alexandria Police arrested four individuals on narcotics and theft of a motor vehicle. More >>
  • 5,000 wasps built a nest in this bed

    5,000 wasps built a nest in this bed

    Thursday, August 28 2014 4:39 PM EDT2014-08-28 20:39:18 GMT
    (NBC News) - A man in England opened the door of a rarely-used room in his mother's home and discovered thousands of wasps had made a giant nest in the bed. More >>
    (NBC News) - A man in England opened the door of a rarely-used room in his mother's home and discovered thousands of wasps had made a giant nest in the bed. More >>
  • Invest 98-L Tropical Blog (Thursday 8/28)

    One Hurricane & Two Disturbances Active in the Tropics

    One Hurricane & Two Disturbances Active in the Tropics

    Thursday, August 28 2014 12:36 PM EDT2014-08-28 16:36:35 GMT
    Thursday, August 2811:00amThere is One Tropical Cyclone in the Atlantic Basin.Cristobal (Cat 1 Hurricane)The Center of Hurricane Cristobal was last located 545 miles SSW of Halifax, Nova Scotia and is centered at 36.9N 65.9W with Maximum sustained winds of 75mph and a Minimum Central Pressure of 983mb (29.03"). This system is moving NE (050) at 26mph.Watches/Warnings:There are no current watches or warnings associated with this system..Satellite Radar analysis reveals that this hurricane co...More >>
    Thursday, August 2811:00amThere is One Tropical Cyclone in the Atlantic Basin.Cristobal (Cat 1 Hurricane)The Center of Hurricane Cristobal was last located 545 miles SSW of Halifax, Nova Scotia and is centered at 36.9N 65.9W with Maximum sustained winds of 75mph and a Minimum Central Pressure of 983mb (29.03"). This system is moving NE (050) at 26mph.Watches/Warnings:There are no current watches or warnings associated with this system..Satellite Radar analysis reveals that this hurricane co...More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.