22:15:57 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Corona Gold Corp (2)
Symbol CRG
Shares Issued 19,471,701
Close 2012-05-23 C$ 0.59
Market Cap C$ 11,488,304
Recent Sedar Documents

Corona Gold sells Sugar zone interest to Harte Gold

2012-05-23 10:00 ET - News Release

Also News Release (C-HRT) Harte Gold Corp

Mr. Murray John of Corona reports

CORONA COMPLETES SALE OF SUGAR ZONE PROPERTY

Corona Gold Corp. has received $2.5-million from Harte Gold Corp., thus completing the sale to Harte of Corona's 51-per-cent joint venture interest in the Sugar zone property located in the Dayohessarah Lake area, Ontario. As a result, the joint venture agreement between Corona and Harte is now terminated and Harte is responsible for the payment of any net smelter royalties to which the Sugar zone property is subject. All prior obligations that were entered into by Corona in connection with the property have also been formally assumed or settled by Harte.

Murray John, president and chief executive officer of Corona, commented: "Over the last several years, we have focused on realizing the value of Corona's historic properties. With the completion of the sale of the Sugar zone property the process is now complete. Corona is in a strong financial position with approximately $16-million in cash and $10-million in marketable securities. Corona maintains some exposure to its historical exploration properties through its approximate 2.4-million-common-share position in Harte and 4.6-million-common-share position in Treasury Metals Inc."

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