Coro Mining Closes First Tranche of Private Placement
Suite 1280 – 625 Howe St
Vancouver, B.C. V6C 2T6
News Release
April 4, 2017
TSX SYMBOL: COP
www.coromining.com
NOT FOR DISSEMINATION IN THE UNITED STATES
Coro Mining Closes First Tranche of Private Placement
April 4, 2017, Coro Mining Corp. ( “Coro” o r t h e “Company”) (TSX Symbol: COP) is pleased to announce the
complete closing of the first tranche of the non‐brokered priva te placement (the “Private Placement” )
announced March 22, 2017 and has now issued a total of 75,527,131 common shares, at a price of CA$0.15 per
common share, raising gross proceeds of approximately CA$11,329 ,070. The final portion of the first tranche
comprised the issuance of 59,935,464 common shares. All common shares issued pursuant to the Private
Placement are subject to a statutory four month hold period.
Greenstone Resources L.P. ("Greenstone"), the Company's major shareholder, acquired the 59,935,464 common
shares pursuant to the Private Placement. Following completion of the first tranche of the Private Placement,
Greenstone now holds approximately 59% of the Company's outstanding common shares.
The Company now has 561,114,670 common shares issued and outstanding. The proceeds of the Private
Placement will be used to fund the acquisition of Minera Rayroc k Ltda. (see the Company’s news release dated
August 4, 2016 for further details), continued exploration of the Company’s Marimaca Project and working
capital purposes. It is anticipated that the final tranche of the private placement will close on or before April 28,
2017.
CORO MINING CORP.
“Alan Stephens”
Alan Stephens
President and CEO
About Coro Mining Corp.:
Coro's strategy is to grow a mining business through the discov ery, development and operation of "Coro type"
deposits. These are defined as projects at any stage of development, which are well located with respect to
infrastructure and water, have low permitting risk, and have th e potential to achieve a short and cost effective
timeline to production. The Company’s preference is for open pit heap leach copper projects, where minimizing
capital investment takes priority over maximizing NPV, where pr ofitability is prioritized over production rate,
and finally, where the likely capital cost is financeable relative to the Company’s market capitalization. The
Company's assets include the Marimaca development project; its 65% interest in the SCM Berta company, which
includes the Berta and Nora operations; the Planta Prat project ; the Llancahue prospect; and a royalty on the
San Jorge copper‐gold project located in Argentina.
News Release
(continued)
Contact Naomi Nemeth, VP Communications/IR at +1 (647) 556 1023, +1 (604) 682 5546, Toll free +1 877 702
2676 or [email protected]
Visit our website site at www.coromining.com
Email us at [email protected]
Follow us on Twitter @coromining1
Cautionary Note Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward‐looking information within the meaning of applicable
securities laws. These forward looking statements relate to fu ture events or the Company’s future performance, business
prospects or opportunities including, without limitation, state ments relating to the completi on of second tranche of the
Private Placement and the use of proceeds of the Private Placement. The Company believes that the expectations reflected
in such forward looking information are reasonable, but no assurance can be given that these expectations will prove to be
correct and such forward‐looking information should not be undu ly relied upon. These statements speak only as of the
date of this press release. Forward looking information involv es risks and uncertainties which may cause actual results to
be materially different from those expressed or implied by such forward looking information. Such risk and uncertainties
relate to, among other things: the Company’s ability to find s uitable investors for the Priv ate Placement, management’s
discretion to reallocate the proceeds of the Private Placement, as well as other risks 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 un dertakes no obligation to u pdate publicly or otherwise
revise any forward‐looking statements contained herein whether a s a r e s u l t o f n e w i n f o r m a t i o n o r f u t u r e e v e n t s o r
otherwise, except as may be required by law.