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Coro Mining receives C$2.63mln as Greenstone converts loan to shares

The issue of shares to Greenstone increased its stake by roughly 1.2%
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Greenstone now owns 436mln Coro shares, equivalent to around 55.6% of the issued share capital of the company

Greenstone Resources has converted the principal amount of its US$2mln loan with Coro Mining Corp (TSE:COP).

As a result of the conversion, 21.88mln Coro shares have been issued to Greenstone at 12 cents a pop, raising C$2.63mln for the mining company.

READ Coro Mining arranges comprehensive C$46.7mln financing deal; shares boosted​

Greenstone now owns 436mln Coro shares, equivalent to around 55.6% of the issued share capital of the company – up from roughly 54.4% before the loan conversion.

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