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Corazon Mining Ltd T.CZN


Primary Symbol: CRZNF

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

Comment by JohnnyBurnetteon Oct 17, 2022 7:20pm
164 Views
Post# 35030295

RE:Circular?

RE:Circular?

Well, not that it will mean much, but I'm voting "no" even knowing that the likely outcome is foreclosure.  But I"m also exceedingly stubborn and frequently vote my heart and not my head (voted THREE times for Ralph Nader)

I purchased this stock in hopes of participating in the long term development of a profitable mine. I understood the risk when I made the purchase. 

I've mentioned this before, but I really want to put a fine point on it.  Getting a low offer under duress doesn't feel like minority shareholder rights are being respected.  Given the company is beholden to continuted credit from a hedge fund, perhaps there isn't much legal grounds to appeal for protection.

HOWEVER, when the company took the first loan after RCF owned more than 40%, the presentation stated that no shareholder vote or polling of minority interest was legally required.  I'm betting that such authorization SHOULD have been required at that time and this will become the basis for the inevitable lawsuits in our future.

Pretty sure law firms will get rich, not us.

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