Coro Mining raises $5 mln from Greenstone, plans review

Vancouver-based copper mining company Coro Mining Corp has agreed to receive a US$5 million loan from Greenstone Resources, a U.K. metals and mining private equity firm and Coro's majority shareholder. The loan's proceeds will be used for working capital and Coro co-owned SCM Berta SA, which holds several mining assets in Chile. The company said the transaction will also allow it time to consider alternative scenarios relating to its assets and funding options. Greenstone led Coro's $16.2 mln private placement offering last year.

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