Coro Mining unveils $46.7 mln financing plan backed by Tempo
Vancouver-based copper mining company Coro Mining Corp (TSX: COP) has launched a $46.7 million financing plan that includes a $13.2 million investment by Tembo Capital, a U.K. mining private equity firm. Tempo has also agreed to provide a stand-by guarantee for a forthcoming $33.6 million rights offering. Additionally, Greenstone Resources, a U.K. mining private equity firm and Coro's majority shareholder, will convert a US$2 million loan into equity. Coro said the proceeds will be used to repay debt and acquire properties and fund exploration and expansion at its flagship Marimaca copper project in Chile.
8 August 2018•7 mins read
