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.

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Corazon Mining Ltd

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Post by Laphroigon Jun 07, 2018 4:35pm

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Post# 28141907

...... I can see all obstacles in my way

Received the Notice of June 27th Meeting today. Clearer picture now. During 2016, RCF Purchased 22 M shares; 20 M shares; and 8 M shares of CZN. In 2017, RCF received permission from CZN to conduct Due Diligence of the PC project. Then in Dec. 2017 RCF made a U.S. $10M Bridge Loan to CZN. Part of new arrangement includes RCF taking 125M shares for another $12M+. After the dust settles, there will be 400M shares outstanding and RCF will hold 48% of these. The company should have about $16M (CAD) in their coffers. Maybe consolidation in third quarter? I can't see getting much out this now.

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