TORONTO,
June 25, 2014 /PRNewswire/ - Cerro
Grande Mining Corporation (the "Company" or "CEG") (TSX: CEG)
(OTCQX: CEGMF), further to the Company's press release of
May 28, 2014, the Company has been
advised by the Toronto Stock Exchange ("TSX") that the
Continued Listing Committee of the TSX has determined to defer its
delisting decision until not later than July
25, 2014.
Should the TSX decide to delist the securities of
the Company, the Company intends to pursue a listing of its
securities on the TSX Venture Exchange and ensure, to the extent
possible, uninterrupted trading for the Company's securities.
Cerro Grande Mining Corporation is a minerals
producing, exploration and development company with properties and
activities currently focused in Chile.
Cautionary Statement on Forward-looking
Information
Forward-Looking Information
This press release may contain forward-looking statements based
on assumptions, uncertainties and management's best estimates of
future events. All statements that address future activities,
events or developments that the Company believes, expects or
anticipates will or may occur are forward-looking information.
Forward-looking information is based upon assumptions by management
that are subject to known and unknown risks and uncertainties and
other factors that may cause actual results to differ materially
from those expressed or implied by the forward looking information.
Factors that may cause actual results to vary materially include,
but are not limited to eligibility to list the securities of the
Company on the TSX Venture Exchange and changes in general economic
conditions or conditions in the financial markets. Such
forward-looking information is based on a number of assumptions,
including but not limited to, there being no significant decline in
existing general business and economic conditions. Accordingly,
readers should not place undue reliance on forward-looking
information. The Company undertakes no obligations to update
publicly or otherwise revise any forward-looking information,
except as may be required by law. For a more detailed discussion of
such risks and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements, refer to the Company's filings with the
Canadian securities regulators available on www.sedar.com.
SOURCE Cerro Grande Mining Corporation