CLINE MINING CORPORATION-LATE FILING OF BUSINESS ACLINE MINING CORPORATION-LATE FILING OF BUSINESS ACQUISITION REPORT
Cline Mining Corp. has filed on SEDAR a business acquisition report (BAR) with respect to its previously announced acquisition of a 40-per-cent interest in UMC Energy PLC which was completed on Dec. 22, 2006. In accordance with National Instrument 51-102 -- continuous disclosure obligations, the BAR was required to be filed within 75 days of completion of the acquisition. The Ontario Securities Commission identified the omission in the course of its continuous disclosure review and required that the BAR be filed. Management has filed the BAR to ensure that the company's continuous disclosure record is current.
Details regarding the transaction and its subsequent completion were reported in news releases in Stockwatch dated Sept. 26, 2006, and Dec. 22, 2006.