Business
Cerro Grande Mining Corporation Announces Partial Conversion of Convertible Unsecured Debentures
Cerro Grande Mining Corporation Announces Partial Conversion of Convertible Unsecured Debentures.
About this update from Cerro Grande Mining Corp.
[{"type":"text","content":"\n\n\n\nCerro Grande Mining Corporation Announces Partial Conversion of Convertible Unsecured Debentures\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\nCerro Grande Mining Corporation Announces Partial Conversion of Convertible Unsecured Debentures\nPR Newswire\nTORONTO, Jan. 8, 2014\n\n\n\n\nTORONTO, Jan. 8, 2014 /PRNewswire/ - Cerro Grande Mining Corporation\n (the \"Company\" or \"CEG\") (TSX: CEG) (OTCQX: CEGMF) announced the partial conversion of US\n $850,000 of its unsecured convertible debentures were issued on July\n 30, 2013 in the total amount of US $1,010,211.40 (the \"Debentures\").\n\n\nMario Hernandez, (\"Hernandez\") and David Thomson, (\"Thomson\") both directors and officers of the Company, through their respective\n companies Compañia Minera Chanar Blanco S.A. (\"Chanar Blanco\"), and Compania Minera Auromin Ltda (\"Auromin\") have each partially converted one Debenture convertible into common\n shares of the Company (each, a \"Common Share\").  Each of Hernandez and Thomson acquired a Debenture in the aggregate\n principal amount of US$505,105.70 which is convertible into Common\n Shares at a rate of CDN$0.10 per Common Share (the \"Conversion Price\"), on the basis of an exchange rate of US$1.00 to CDN$1.00. On this\n basis, each of Chanar Blanco and Auromin partially converted the\n Debentures on the basis of 1,000 Common Shares for each US$100 of\n outstanding principal up to an aggregate of 8,500,000 Common Shares\n (4,250,000 Common Shares for Chanar Blanco and 4,2...