Vancouver, B.C., July 4, 2017 / TheNewswire / CERRO MINING CORP. (NEX: CRX.H) (“Cerro” or the “Company”) is pleased to announce that further to its press release dated May 3, 2017, the Company has received final approval by the TSX Venture Exchange (the “TSXV”) for the consolidation of the fully paid and issued common shares of the Company on the basis of one (1) post-consolidation common share for each five (5) pre-consolidation common shares issued and outstanding (the “Consolidation”).

 

The Company’s common shares will begin trading on a post-consolidation basis under the same trading symbol CRX.H on the NEX at market open on July 5, 2017.  The new CUSIP number for the consolidated shares is 156874208 and the new ISIN is CA1568742086. As a result of the five-for-one share consolidation, Cerro Mining Corp now has 3,456,500 shares issued and outstanding.

 

Shareholders who hold their shares through a securities broker or dealer, bank of trust company will not be required to take any measures with respect to the share consolidation.  Cerro Mining’s transfer agent, Computershare Investor Services Inc. has mailed a letter of transmittal to all registered shareholders, who will be required to return their certificates representing pre-consolidated common shares and a competed letter of transmittal to Computershare. Any registered shareholder who submits a duly-completed letter of transmittal to Computershare along with pre-consolidated share certificates will receive in return a post-consolidated share certificate. Additional copies of the letter of transmittal can be obtained by contacting Computershare at 1-800-564-6253 or by e-mail at corporateactions@computershare.com.

 

The Consolidation will not change a shareholder's proportionate ownership in the Company or the rights of holders of common shares. Each common share outstanding after the Consolidation will be entitled to one vote and will be fully paid and non-assessable.

 

“The Consolidation is a necessary step to improving the Company’s structure for new capital investment”, stated CEO and President of the Company, Jason Birmingham.

 

The Consolidation was previously approved by Board Resolution by the Company’s board of directors.

About Cerro Mining Corp.

Cerro is a publicly traded, junior exploration and mineral development company with a precious and base metal project in Chile.

On Behalf of the Board of Cerro Mining Corp.

“Jason Birmingham”

per

Jason Birmingham, CEO & President

 

For further information, please contact:

Cerro Mining Corp.

Sharon Lewis

Tel: 604‐662‐3230

Email: slewis@shawcable.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.