Coro Mining Announces Postponement of Certain Filings & Reliance on CSA Instrument Governing Relief under COVID-19
May 14 2020 - 2:36PM
Coro Mining Corp. (“Coro” or the “Company”) (TSX:
COP) announces that, due to the COVID‐19 pandemic, it
intends to postpone certain of its continuous disclosure filings
and the 2020 Annual Meeting of Shareholders.
In connection with the continuous disclosure
filings, Coro intends to rely on the extensions granted pursuant BC
Instrument 51-515 - Temporary Exemption from Certain Corporate
Finance Requirements and BC Instrument 51-516 - Temporary
Exemptions from Certain Requirements to File or Send Securityholder
Materials (together, the “BC Instruments”).
In accordance with the terms of the BC Instruments, Coro
intends to:
- postpone the filing of its first quarter consolidated interim
financial statements and related management discussion and analysis
(collectively, the “Q1 Statements”) which, under
Section 4.4 of National Instrument 51‐102 ‐ Continuous Disclosure
Obligations (“NI 51-102”), are required to be filed before May 15,
2020;
- postpone the delivery of the Q1 Statements to any shareholder
who has requested them under Section 4.6(1) of NI 51-102 and which,
under Section 4.6(3) of NI 51-102, are required to be delivered
before May 25, 2020; and
- postpone the filing of its executive compensation disclosure,
which under Section 9.3.1 (2.2) of NI 51-102, is required to be
filed by May 19, 2020.
The Company intends to file the Q1 Statements on
or before June 29, 2020. Until such time as the Q1
Statements are filed, Coro's management and other insiders of Coro
are subject to a trading black-out that reflects the principles in
section 9 of National Policy 11-207 - Failure-to-File Cease Trade
Orders and Revocations in Multiple Jurisdictions.
Coro confirms there have been no undisclosed
material business developments since March 30, 2020, the date of
filing the Company’s Consolidated Financial Statements for the
periods ending December 31, 2019 and 2018.
Coro has received an extension from the British
Columbia Corporate Registrar to delay holding its 2020 Annual
Meeting of Shareholders to December 31, 2020. Further details of
the postponed 2020 Annual Meeting of Shareholders will be shared as
soon as they are known, and the appropriate notice will be
provided.
Contact InformationTavistock+44
(0)207 920 3150Jos Simson/ Emily Mosscoro@tavistock.co.uk
Forward Looking StatementsThis
news release includes certain “forward-looking statements” under
applicable Canadian securities legislation, including, without
limitation: the anticipated timing of the filing of the Company’s
Consolidated Interim Financial Statements for the three months
ended March 31, 2020, the anticipated filing of the Company's
Executive Compensation Disclosure, and other matters relating to
the Company’s business plans. These statements relate to
future events or the Company’s future performance, business
prospects or opportunities. Forward-looking statements include, but
are not limited to, statements regarding the future development and
exploration potential of the Marimaca Project. Actual future
results may differ materially. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements reflect the beliefs,
opinions and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while
considered reasonable by Coro, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: the inherent risks involved in
the mining, exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project delays or cost overruns or unanticipated excessive
operating costs and expenses, uncertainties related to the
necessity of financing, the availability of and costs of financing
needed in the future as well as those factors disclosed in the
Company’s documents filed from time to time with the securities
regulators in the Provinces of British Columbia, Alberta,
Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince
Edward Island and Newfoundland and Labrador. Accordingly, readers
should not place undue reliance on forward-looking statements. Coro
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements contained herein whether as a result of
new information or future events or otherwise, except as may be
required by law.
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