Vancouver, British Columbia--(Newsfile Corp. - August 28, 2014) -
Cerro Grande Mining Corporation (CSE: CEG) is one of the latest new listing on the Canadian Securities Exchange. Concurrent with its new CSE listing, the company has delisted from the Toronto Stock Exchange.
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Cerro Grande is an exploration, development and mining company focused in Chile. The company's primary asset is the Pimenton Mine, a narrow, high-grade gold and copper mine. The mine, encompassing 3,121 hectares, is located in the high
mountain range of Chile.
The company's other major assets are a porphyry copper deposit and other projects in various stages of exploration and development in Chile.
For the nine months ended June 30th 2014 the Pimenton Mine produced 6,459 ounces gold compared to 8,233 ounces in the comparable period a year ago. This was due in part to a 5 week shut down due to a missing document for the plant and camp
buildings. The mine obtained permission to restart its operations on June 12th, and by June 16th the mine was back in full operation.
On July 4th, the company announced that it had engaged Swiss-based Westmount Capital to assist with a Private Placement Debenture for up to US$3,000,000.
The shares are currently trading at $0.025 and with 110.6 million shares outstanding the company is capitalized at $2.8 million. For more information, please visit the company's website
www.cegmining.com or contact Stephen
Houghton, CEO at ceg@cegmining.com.
Investor relations is handled by Barry Mire at Renmark Financial, who can be reached at 416-644-2020 or by email at
bmire@renmarkfinancial.com.
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