TORONTO, April 12, 2012 /CNW/ - Cline Mining Corporation (TSX: CMK) ("Cline" or the "Company") wishes to advise that there are no developments in the business or affairs of the Company which have not been announced. Management attributes recent price movements in its shares as being the result of current market pricing for coal on world markets. The demand for and price of coal has been adversely affected by global economic conditions.
About Cline: Cline's metallurgical coal mine property is located in Las Animas County, near Trinidad, Colorado, U.S.A. with NI 43-101 compliant independent Technical Reports. Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coals in the U.S., iron ore in Madagascar and gold from its the Cline Lake Gold Mine Property in northern Ontario, Canada.
CLINE MINING CORPORATION
Ken Bates, President and Chief Executive Officer
Forward-Looking Information
This news release contains forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities laws). These risks and uncertainties include, among other things, the Company's need for additional funding to continue its exploration efforts, changes in general economic, market and business conditions, and competition for, among other things, capital and skilled personnel. These statements are not a guarantee of future performance and undue reliance should not be placed on them. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable laws. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings.
Head office: Brookfield Place, 181 Bay Street, 3rd Floor, Clarkson Gordon Heritage Building, Toronto, ON,
M5J 2T3
Contacts: Ken Bates, President and CEO
Ernest Cleave, Vice-President and CFO
Office: (416) 504-7600
Email: [email protected]
Website: www.clinemining.com
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