TORONTO, Jan. 27, 2014 /CNW Telbec/ - Cerro Grande Mining Corporation
(the "Company" or "CEG") (TSX: CEG) (OTCQX: CEGMF) has been advised that the Toronto Stock
Exchange ("TSX") is reviewing the eligibility for continued listing on TSX of the
securities of the Company pursuant to Part VII of The Toronto Stock
Exchange Company Manual (the "Manual"). Specifically, the TSX is reviewing the Company with respect to the
requirement to maintain a market value of publicly held listed
securities of $2.0 million for 30 previous consecutive trading days.
The Company is being reviewed under the Remedial Review Process of the
TSX and has been granted 120 days to comply with all requirements for
continued listing. If the Company cannot demonstrate that it meets all
TSX requirements set out in Part VII of the Manual on or before May 27,
2014, the Company's securities will be delisted 30 days from such date.
Should the TSX decide to delist the securities of the Company, the
Company intends to pursue a listing of its securities on the TSX
Venture Exchange and ensure, to the extent possible, uninterrupted
trading for the Company's securities.
Cerro Grande Mining Corporation is a minerals producing, exploration and
development company with properties and activities currently focused in
Chile.
Forward-Looking Information
This press release may contain forward-looking statements based on
assumptions, uncertainties and management's best estimates of future
events. All statements that address future activities, events or
developments that the Company believes, expects or anticipates will or
may occur are forward-looking information. Forward-looking information
is based upon assumptions by management that are subject to known and
unknown risks and uncertainties and other factors that may cause actual
results to differ materially from those expressed or implied by the
forwardlooking information. Factors that may cause actual results to
vary materially include, but are not limited to eligibility to list the
securities of the Company on the TSX Venture Exchange and changes in
general economic conditions or conditions in the financial markets.
Such forward-looking information is based on a number of assumptions,
including but not limited to, there being no significant decline in
existing general business and economic conditions. Accordingly, readers
should not place undue reliance on forward-looking information. The
Company undertakes no obligations to update publicly or otherwise
revise any forward-looking information, except as may be required by
law. For a more detailed discussion of such risks and other factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements, refer to the
Company's filings with the Canadian securities regulators available on www.sedar.com.
SOURCE Cerro Grande Mining Corporation
Registered Office:
ROYAL BANK PLAZA
SOUTH TOWER
200 BAY STREET, SUITE 3800
TORONTO, ONTARIO M5J 2Z4
CANADA
Toronto Office:
1 KING STREET WEST, SUITE 4009
TORONTO, ONTARIO M5H 1A1
CANADA
Santiago Office:
AVENIDA SANTA MARIA 2224
PROVIDENCIA, SANTIAGO, CHILE
Telephone: 56-2-2569 6200
For further information, contact:
Stephen W. Houghton, CEO
David R. S. Thomson, EVP
E-Mail: ceg@cegmining.com
Telephone: 56-2-2569 6200
Website: www.cegmining.com
Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
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