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 > JUST IN.

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Comment by JohnnyBurnetteon Feb 04, 2020 11:22am

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Post# 30639889

RE:RE:RE:JUST IN.

Around the start of the year when the company received both a bridge loan AND approval to sell a silver stream for 8 million. The bridge loan was to be retired at the earlier of 120 days or the sale of the silver stream. At the time, I mused that it seemed a cheap way of effectively purchasing the mine property for the cost of the bridge loan, in essence, just don't carry forward the purchase of the silver stream and wait 120 days for the company to be in default.

I know that the shareholders APPROVED the silver stream, I'd like to verify that said stream was sold and the bridge loan was retired. Cause if not, shareholders will shortly own nothing (at least at the Prairie Creek mine).

Anyone know?

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