TORONTO, ONTARIO — (Marketwired) — 12/03/14 — Cline Mining Corporation ("Cline" or the "Company") announced today a proposed recapitalization transaction (the "Recapitalization") with the following key elements:The terms of the Recapitalization have been negotiated with Marret Asset Management Inc., which has investment discretion in respect of all of the secured notes issued by the Company. The secured notes represent in excess of 95% of the outstanding debt o
TORONTO, ONTARIO — (Marketwired) — 12/16/13 — Cline Mining Corporation ("Cline" or the "Company") announced today that it has entered into a forbearance agreement with Computershare Trust Company of Canada (the "Trustee").Due to Cline-s present financial situation, a semi-annual interest payment in the amount of approximately US$3.3 million could not be made on its outstanding US$65.5 million 10% senior secured bonds and a semi-annual interest payment in the am
TORONTO, ONTARIO — (Marketwired) — 11/26/13 — Cline Mining Corporation ("Cline" or the "Company") announced today that Mr. Mark Haywood has submitted to the board of directors his 90 day notice communicating his intention to resign as President, CEO and director of the Company in order to pursue other opportunities.About ClineCline is a Canadian mining company focused on the maintenance and development of its 100% owned New Elk coking coal mine located in Colorado, U.S.A
TORONTO, ONTARIO — (Marketwired) — 08/08/13 — Cline Mining Corporation ("Cline" or the "Company") announced today that it is updating the disclosure in its Management Information Circular (the "Circular") dated July 15, 2013 with respect to its annual general shareholders- meeting (the "Meeting") to be held in Toronto, Ontario on August 15, 2013.Subsequent to the mailing of the Circular, each of Dale Hendrick and Daniel Veniez have resigned and will n
TORONTO, ONTARIO — (Marketwired) — 07/09/13 — Cline Mining Corporation ("Cline" or the "Company") announced today that it has successfully closed on a $9,490,998 10% senior secured convertible bond (the "Convertible Bonds") financing with Marret Asset Management Inc.The Company-s Executive Chairman, Mr. Mark Haywood stated that "Our new financing arrangement with Marret Asset Management Inc. is designed to ensure that Cline can meet its obligations over the
TORONTO, ONTARIO — (Marketwired) — 07/03/13 — Cline Mining Corporation ("Cline" or the "Company") announced today that the 18th June 2013 forbearance agreement with Computershare Trust Company of Canada ("the Trustee") has been extended until the 12th July 2013.The Company-s Executive Chairman, Mr. Mark Haywood stated that "Cline has been negotiating an alternative financing arrangement with Marret Asset Management Inc. and is expected to close the financi
TORONTO, ONTARIO — (Marketwired) — 06/18/13 — Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announced today that it has entered into a forbearance agreement with Computershare Trust Company of Canada (the "Trustee").The Company-s Executive Chairman, Mr. Mark Haywood stated that "Cline was unable to make its June 17 interest payment of approximately $3.2 million and has agreed with the Trustee to forbear from taking action under the Trust I
TORONTO, ONTARIO — (Marketwired) — 06/17/13 — Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) is pleased to announce that it has appointed Mr. Paul Haber as its Chief Financial Officer and Corporate Secretary.The Company-s Executive Chairman, Mr. Mark Haywood stated "Paul is a very experienced financial officer and Chartered Accountant. We are very pleased to have Paul working with us as we continue to address the challenges faced by new management in
TORONTO, ONTARIO — (Marketwired) — 06/03/13 — Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announced today that the rights offering contemplated pursuant to the recapitalization agreement (the "Recapitalization Agreement") with Marret Asset Management Inc., as agent for the bondholders and standby purchasers party thereto ("Marret"), will not be proceeding.The Company-s Executive Chairman, Mr. Mark Haywood stated, "Cline is focu
TORONTO, ONTARIO — (Marketwire) — 12/27/12 — Cline Mining Corporation ("Cline" or the "Company") (TSX: CMK) announced today that it has entered into an agreement with Marret Asset Management Inc. ("Marret"), on behalf of certain funds advised by it, providing for a financial restructuring (the "Restructuring") of the Company. Under the terms of the Restructuring, adjustments will be made to the terms of the Company-s outstanding 10% senior secured bon
