Vancouver, B.C. / March 21, 2014 / CERRO MINING CORP. (TSX-V: CRX) ("Cerro" or the "Company") announces that it has entered into loan agreements (the "Loan Agreements") with shareholders of the Company (the "Lenders") for an aggregate amount of Cdn$60,000 (the "Loan").
The purpose of the Loan is to provide Cerro with the funds to cover its claim maintenance payments on the Lajitas and Nevada properties in Chile and working capital. The Loan is non-interest bearing and will be repaid at the demand of the Lenders.
About Cerro Mining Corp.
Cerro is a publicly traded, junior exploration and mineral development company with a strong portfolio of precious and base metal projects in Chile, USA and Atlantic Canada. Cerro has a 100% interest in the Lajitas and Nevada gold-copper properties located in the Maricunga Gold and Copper District and approximately 700 kilometres northwest of Santiago, Chile. The properties comprise ten exploration claims and six exploitation claims totalling a cumulative 3,500 hectares in area. Cerro holds a 100% interest in the Tinton Gold Project located 15 kilometres west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota. The Tinton property consists of 1,270 hectares contained in 157 unpatented mining claims.
For further information about Cerro Mining Corp. and this news release, contact Sharon Lewis, director, at 604-662-3230.
CERRO MINING CORP.
Jason Birmingham, Chief Executive Officer & President
For further information, please contact:
Cerro Mining Corp.
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.
Release ID: 37361