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Greenstone converts US$8.125 million convertible debenture and subscribes for approximately C$5.4 million of additional shares in Coro Mining

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Greenstone Resources LP

On May 24, 2016, Greenstone agreed to convert the full repayment amount of US$8.125 million owing to it under a US$5.1 million debenture issued to it by Coro Mining Corp. a TSX-V listed issuer with mining assets in Chile  (“Coro”) in 2015, at a price per share of C$0.10 per share.  On June 13, 2016, Greenstone subscribed for 34,000,000 common shares (“Shares”) of Coro, representing the first tranche of a two tranche share subscription.  On July 21, 2016, Greenstone subscribed for an additional tranche of 19,925,650 Shares, representing the second tranche of the subscription.  Fasken Martineau advised Greenstone on Canadian legal matters in relation to the conversion and subscription for both tranches of Shares.


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