Cerro and Datinvest Further Amend Letter Of Intent
31 August 2013 - 8:16AM
Access Wire
Vancouver, B.C., August 30th, 2013 -
CERRO MINING CORP. (TSX-V:
CRX) ("Cerro") and Datinvest International Ltd.
(NEX: DAI.H) ("Datinvest")
report that they have signed a further amended and
restated letter of intent dated August 25, 2013 (the
"Second Amended and Restated LOI") to amend certain terms of the previously announced letter of
intent between the parties dated June 26, 2013 (the
"LOI")
and the first amendment to the LOI (the "Amended and Restated LOI") dated July 25, 2013, regarding their
mutual intention to enter into a business combination
all as further described in their joint press
releases of June 27, 2013 and July 29, 2013.
Pursuant to the
previously announced terms of the LOI, the parties were to use their best efforts to settle
and execute a definitive agreement on or before July 26, 2013, or
such later date as may be mutually agreed to by both parties. The
Amended and Restated LOI extended this date to August 25,
2013.
Under the terms of
the Second Amended and Restated LOI, the parties have extended the
settlement and execution date to September 24, 2013. All other
terms of the LOI will remain the same.
About
Cerro Mining Corp.
Cerro is a
publicly traded, junior exploration and mineral development company
with a strong portfolio of precious and base metal projects in
Chile, USA and Atlantic Canada. Cerro has a 100% interest in the
Lajitas and Nevada gold-copper properties located in the Maricunga
Gold and Copper District and approximately 700 kilometres northwest
of Santiago, Chile. The properties comprise ten exploration claims
and six exploitation claims totalling a cumulative 3,500 hectares
in area. Cerro holds a 100% interest in the Tinton Gold Project
located 15 kilometres west-northwest of the famous and historic
Homestake Mine in the Black Hills at Lead, South Dakota. The Tinton
property consists of 1,270 hectares contained in 157 unpatented
mining claims.
Cerro also holds mineral
exploration claims in Atlantic Canada (Nova Scotia, New Brunswick
and Newfoundland and Labrador).
For further information about Cerro
Mining Corp. and this news release, contact Herrick Lau, director,
at 604-688-9588.
About
Datinvest International Ltd.
Datinvest
is listed on the NEX, a separate board of the TSX Venture Exchange.
Datinvest has no business or operations. As at June 30, 2013,
Datinvest had a cash position of $620,086 and liabilities of
$89,340.
For further
information about Datinvest International Ltd. and this news
release, contact Balraj Mann, director, at 604-601-2018.
On Behalf of the
Board of Directors,
CERRO MINING CORP.
"Herrick Lau"
Herrick
Lau
Director
On Behalf of the Board of
Directors,
DATINVEST
INTERNATIONAL LTD.
"Balraj Mann"
Balraj Mann
Director
Cautionary Statement Regarding
"Forward-Looking" Information
Some of the
statements contained in this press release are forward-looking
statements and information within the meaning of applicable
securities laws. Forward-looking statements and information can be
identified by the use of words such as "plans", "expects",
"intends", "is expected", "potential", "suggests" or variations of
such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be
taken, occur or be achieved. Forward-looking statements and
information are not historical facts and are subject to a number of
risks and uncertainties beyond the control of Cerro and Datinvest.
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. Cerro and Datinvest undertake no
obligation to update publicly or otherwise revise any
forward-looking statements, except as may be required by
law.
NEITHER THE TSX
VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Cerro Mining Corp. (TSXV:CRX)
Historical Stock Chart
From Sep 2024 to Oct 2024
Cerro Mining Corp. (TSXV:CRX)
Historical Stock Chart
From Oct 2023 to Oct 2024