{"id":3361,"date":"2020-05-26T14:36:22","date_gmt":"2020-05-26T18:36:22","guid":{"rendered":"http:\/\/marimaca.com\/coro-announces-change-of-name-to-marimaca-copper-corp-share-consolidation\/"},"modified":"2020-12-16T12:27:05","modified_gmt":"2020-12-16T17:27:05","slug":"coro-announces-change-of-name-to-marimaca-copper-corp-share-consolidation","status":"publish","type":"post","link":"https:\/\/marimaca.com\/es\/coro-announces-change-of-name-to-marimaca-copper-corp-share-consolidation\/","title":{"rendered":"Coro Announces Change of Name to Marimaca Copper Corp. Share Consolidation"},"content":{"rendered":"<p><strong>Vancouver, British Columbia, May 27, 2020 \u2013 Coro Mining Corp. <\/strong><strong>(\u201cCoro\u201d or the \u201cCompany\u201d)<\/strong>\u00a0is pleased to announce it has changed its name to Marimaca Copper Corp. (\u201cMarimaca Copper\u201d) to align with its flagship development project in Chile. The Company has also undertaken a 25:1 share consolidation as part of a capital reorganisation.<\/p>\n<p>The Company\u2019s new website address is www.marimaca.com where its latest investor presentation can be found. An interview with the recently appointed Executive Chairman, Michael Haworth, can be found at\u00a0<a href=\"https:\/\/www.coromining.com\/news\/2020\/coro-announces-change-of-name-to-marimaca-copper-corp-share-consolidation\">https:\/\/www.b-tv.com\/coro-mining-changes-name-to-marimaca-copper-corp-news-alert-30sec<\/a>.<\/p>\n<p>The Company\u2019s new ticker will be MARI and trading under the new name on the TSX will commence today, the 27th of May 2020.<\/p>\n<p><strong>Michael Haworth, Executive Chairman commented:<\/strong><\/p>\n<p>\u201cThe Marimaca Copper Project is one of the most significant copper oxide discoveries in Chile in a decade, and today\u2019s announcement symbolises the commencement of an exciting new chapter in the Company\u2019s evolution.<br \/>\nWe have a clear focus on developing Marimaca, which we believe has all of the hallmarks of a low capital cost, high margin, copper development project. A Preliminary Economic Assessment for the Project is underway, which we expect will show the project has robust and compelling economics across a broad range of copper prices.<br \/>\nIn addition, we remain very excited about the ongoing exploration potential at Marimaca, especially in the near mine oxide potential and for extensions at depth in the sulphide zone. Any exploration success will only add to what is already a tremendous investment case. We are making significant progress on the various technical de-risking workstreams an<br \/>\nd we look forward to releasing the results of these programs to the market when they are complete.\u201d<\/p>\n<p><strong>Share Consolidation<\/strong><\/p>\n<p>Effective at the opening of markets on the 27th of May 2020, the Company completed the consolidation of its common shares (the \u201cShare\u201d or \u201cShares\u201d) on the basis of one (1) post-consolidated Share for every twenty-five (25) pre-consolidation Shares held (the \u201cConsolidation\u201d).<\/p>\n<p>Prior to the Consolidation, the Company had 1,608,946,194 common shares issued and outstanding and 42,995,539 options issued and outstanding. Following the Consolidation, the Company has 64,357,847 common shares issued and outstanding and 1,719,821 options issued and outstanding.<\/p>\n<p>On the 25th of May 2020, a letter of transmittal with respect to the Consolidation was mailed to all shareholders of the Company. All shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-consolidated Shares to the Company\u2019s transfer agent, Computershare, will receive a certificate representing the post-consolidated Shares.<\/p>\n<p>Dealings in the new common shares are expected to commence trading on the TSX at market open today, the 27th of May 2020.<\/p>\n<p><strong>Contact Information<\/strong><\/p>\n<p>For further information please visit\u00a0www.marimaca.com or contact:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, British Columbia, May 27, 2020 \u2013 Coro Mining Corp. (\u201cCoro\u201d or the \u201cCompany\u201d)\u00a0is pleased to announce it has changed its name to Marimaca Copper Corp. (\u201cMarimaca Copper\u201d) to align with its flagship development project in Chile. The Company has also undertaken a 25:1 share consolidation as part of a capital reorganisation. The Company\u2019s new [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"period":[120],"class_list":["post-3361","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar","period-120"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coro Announces Change of Name to Marimaca Copper Corp. 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