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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Post by Oregonduckon May 10, 2018 7:22pm
84 Views
Post# 28015300

Insolvency Concerns?

Insolvency Concerns?The Co, did not get the so-called "Unqualified or Clean Audit Opinion" from PwC,  its outside auditors, for the latest audited annual statements ending Dec. 31, 2017.

To wit, PwC states the following:


Without qualifying our opinion, we draw attention to Note 1 in the consolidated financial statements
which describes matters and conditions that indicate the existence of a material uncertainty that may cast
significant doubt about Coro Mining Corp.'s ability to continue as a going concern... (per Note 1:..
principally arising from Sociedad Contractual Minera Berta (“SCMB”). These conditions cast significant doubt on the validity of the going concern assumption.)

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