Corazon Mining Ltd T.CZN

Primary Symbol: CRZNF

Metals & Mining Industrial Metals & Minerals

Corazon Mining Limited is an Australia-based mineral resource and exploration company. The Company is an explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulfide Project in Manitoba, Canada, as well as the Mt Gilmore cobalt-copper-gold (Mt Gilmore) and Miriam nickel Sulfide projects (Miriam) in Australia. The Lynn Lake Nickel-Copper-Cobalt Sulfide Project is a significant Class-1 nickel resource. The Mt Gilmore Project is located 35 kilometers from the city of Grafton in north-eastern New South Wales. The Company owns an 80% interest in Mt Gilmore. Mt Gilmore is focused on multiple rare, cobalt-rich sulfide deposits, similar to Cobalt Ridge. The Miriam comprises five Prospecting License applications (P15/6135 to P15/6139 inclusive) and is located approximately 10 kilometers south-southwest of Coolgardie on an ultramafic trend, which hosts Auroch Minerals’ Miriam and Nepean Nickel Deposits.

OTCPK:CRZNF - Post by User

Corazon Mining Ltd

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Comment by Hammondgeon Jan 28, 2013 11:27am

196 Views

Post# 20899506

RE: RE: RE: What is the purpose of their stake in

The Chinese, that's who.

“I am also pleased to report on the development of our strategic relationship with Zhongrun, our Chinese investors. Despite difficult market conditions during the quarter, Zhongrun invested a further £6.6 million in the company highlighting their positive view for the future at Vatukoula"

CEO - 12/21/12

Actually, CZN has a 11% stake.

Sprott has a 13% stake.

Zhongrun has a 25% stake.

CZN can easily sell some or all of its stake when they deem necessary.

There are two other major shareholders combined that hold less than CZN's stake.

To suggest that CZN is stuck with VGM and must resort to a PP because they can't sell their shares in VGM is ludicrous.

Zhongrun recently bought.

They or the others could buy some or all of CZN's stake.

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