Cline Mining Corp. (CLNMF)

[adijas]

This is from news may 4th. Common shares will be cancelled.


Obtains Revocation Of Previously Issued Cease Trade Orders [Market News Publishing (Canada)]

CLINE MINING CORP

CLINE MINING CORP ("CMK-T;CLNMF-0") - Obtains Revocation Of Previously Issued Cease Trade Orders

Cline Mining Corporation ("Cline" or the "Company") is pleased to announce that each of the Ontario Securities Commission, the Autorite des marches financiers and the Manitoba Securities Commission has revoked the cease trade orders previously issued by said commissions in respect of the securities of the Company (the "Cease Trade Orders").

The Cease Trade Orders were issued due to the delay by the Company in filing of its year-end financial statements for the period ended November 30, 2014. All of such disclosure documents are now filed and available for review online at SEDAR under the Company's profile. Cline also filed its interim unaudited financials and MD&A for the three-month period ended February 28, 2015.

The Company previously announced that it is currently under proceedings pursuant to the Companies' Creditors Arrangement Act ("CCAA"). Under the terms of the recapitalization plan approved by the Ontario Supreme Court of Justice (the "Court") in respect of Cline, it is expected that the existing common shares of Cline will be cancelled. Cline intends to apply to cease to be a reporting issuer upon completion of the recapitalization plan.