Coro Mining Clarifies Website Content
October 18 2019 - 4:01PM
Coro Mining Corp. (“Coro” or the “Company”) (TSX:
COP) announces that, as a result of a review by staff of
the Ontario Securities Commission, it wishes to clarify the nature
of certain reports and documents that were posted on or linked from
the Company’s website between May 5, 2019 and September 20, 2019.
During this period, the Company made available
on its website analyst notes and research reports that were
prepared by third party advisors to the Company. These reports
should not have been made available on the Company’s website and
have since been removed. Certain sections of these documents
included economic information, technical analysis and mine models
pertaining to the Company’s Marimaca Project that were prepared
based on such advisors’ own analysis. Though the Company did not
author these reports or produce these third party models, the
Company acknowledges that technical information was contained in
these documents that is not supported by the Company’s independent
technical report prepared in accordance with National Instrument
43-101 – Standards of Disclosure for Mineral Projects (NI 43-101).
The Company does not endorse the technical contents of any posted
document to the extent that such contents are not supported by the
Company’s current NI 43-101 technical report in respect of the
Marimaca Project, and any such information should not be relied
upon. The Company’s current NI 43-101 technical report on the
Marimaca Project is available on SEDAR at www.sedar.com under the
Company’s profile.
Contact InformationFor further
information please visit www.coromining.com or contact:Nick
Bias, VP Corporate Development & Investor RelationsCell: +44
(0)7771 450 679Email: nbias@coromining.com
Forward Looking StatementsThis
news release includes certain “forward-looking statements” under
applicable Canadian securities legislation. These statements
relate to future events or the Company’s future performance,
business prospects or opportunities. Forward-looking statements
include, but are not limited to, statements regarding the future
development and exploration potential of the Marimaca Project.
Actual future results may differ materially. There can be no
assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made and are based upon a number of assumptions and estimates
that, while considered reasonable by Coro, are inherently subject
to significant business, economic, competitive, political and
social uncertainties and contingencies. Many factors, both known
and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: the inherent
risks involved in the mining, exploration and development of
mineral properties, the uncertainties involved in interpreting
drilling results and other geological data, fluctuating metal
prices, the possibility of project delays or cost overruns or
unanticipated excessive operating costs and expenses, uncertainties
related to the necessity of financing, the availability of and
costs of financing needed in the future as well as those factors
disclosed in the Company’s documents filed from time to time with
the securities regulators in the Provinces of British Columbia,
Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova
Scotia, Prince Edward Island and Newfoundland and Labrador.
Accordingly, readers should not place undue reliance on
forward-looking statements. Coro undertakes no obligation to update
publicly or otherwise revise any forward-looking statements
contained herein whether as a result of new information or future
events or otherwise, except as may be required by law.
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