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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by CoalRookieon Jan 11, 2013 12:11pm
211 Views
Post# 20826155

RE: RE: double edge

RE: RE: double edge

12/27/2012 New release: "Cline's management and Board of Directors expects the Restructuring to provide the necessary funding in both the short-term and long-term to address Cline's financial difficulties, including the sustaining of the Company for approximately three years of operations under care and maintenance or, alternatively, providing the Company with sufficient funding to ramp up operations to production if sales contracts are in place to warrant the recommencement of production, and to fulfill the Company's obligations under the Trust Indenture."

Apparently, the restructuring is supposed to provide the funding.

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