Greenstone to lead Coro Mining's $16.2 mln private offering
Canadian miner Coro Mining Corp has launched a private placement offering intended to raise up to $16.15 million. The deal's proceeds will fund the company's acquisition of Minera Rayrock Ltda, a unit of Peruvian mining company Compañía Minera Milpo SAA, and other priorities. Coro said that its majority investor, U.K. metals and mining private equity firm Greenstone Resources, plans to invest, and if necessary, account for the entire offering. If that happens, Greenstone will increase its interest to 63.71 percent. Vancouver-based Coro explores and develops copper projects in Latin America.
23 March 2017•3 mins read
