Cline Mining Announces Bond Interest Default
Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) announced today that it was unable to make the semi-annual payment of interest in the amount of US$2,500,000 that was due on December 17, 2012 on its outstanding US$50,000,000 principal amount of 10% senior secured bonds. The Company has been in discussions with Marret Asset Management Inc., which represents the bondholders, and is considering the options available to the Company.
- Published: 18 December 2012
- Written by Editor