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Cline Mining Corporation T.CMK

Metals & Mining Industrial Metals & Minerals


TSX:CMK - Post by User

Cline Mining Corporation > Question is
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Comment by longonsinoon Jun 15, 2013 8:42pm
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Post# 21529465

RE: RE: RE: RE: RE: RE: RE: RE: Question is

RE: RE: RE: RE: RE: RE: RE: RE: Question is

https://www.stockhouse.com/natural-resources-news/2013/june/14/cline-mining-shares-plunge-on-delisting-announceme.aspx Because they didn't make the interest payment to the bondholders, they will take control of the company. Seems like a pretty dirty move in retrospect with the Marret plan in issuing warrants to the shareholders in January. Thought there was hope how they avoided CCAA, but they only delayed the inevitable, and cost shareholders more money (for those who excerised the rights). I was routing for CMK to continue, but it ended up like those other sad cases like TRE, GBG, and PSN. My condolences.

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