|Day's Range||0.000 - 0.000|
|52 Week Range|
|PE Ratio (TTM)||-0.29|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Cerro Grande Mining Corporation Announced that its Wholly Owned Subsidiary, Compañia Minera Pimenton, has Filed for Voluntary Bankruptcy Under the Laws of Chile.
TORONTO, June 2, 2017 /PRNewswire/ - Cerro Grande Mining Corporation (the "Company" or "CEG") (CSE:CEG) (CEGMF) reported that further to its News Release dated May 12, 2017 announcing the closure of its Pimenton Mine and on the advice of its Chilean lawyers, the Directors and Management of Compania Minera Pimenton in consultation with the Board of Directors of Cerro Grande Mining Corporation have taken the decision to place Compañia Minera Pimenton, effective as of the evening of June 1, 2017, into voluntary bankruptcy versus waiting for its creditors to place Pimenton into involuntary bankruptcy. Under Chilean law, a court appointed bankruptcy Liquidator will take possession of Compañia Minera Pimenton and its assets and is responsible for all ongoing costs of Pimenton until they are successful in obtaining the sale or liquidation of Compañia Minera Pimenton in both voluntary and involuntary filings.
Registered Office: Santiago Office: ROYAL BANK PLAZA AVENIDA SANTA MARIA 2224 SOUTH TOWER ...