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Coro outlines C$46.6M financing plan

Copper producer Coro Mining (TSX:COP) has revealed a detailed financing plan comprising a private placement closed at a 26% premium and a forthcoming C$33.6 million (US$25.7 million) rights offering that are together expected to fully fund the company’s activities for the coming 12 months.

Coro outlines C$46.6M financing plan Coro outlines C$46.6M financing plan Coro outlines C$46.6M financing plan Coro outlines C$46.6M financing plan Coro outlines C$46.6M financing plan

Coro is rocking along with financing

An entity of private equity firm Tembo Capital has participated in a $13.2 million private placement and has agreed to provide a stand-in guarantee for the coming Coro rights offering.