Cline Mining Corporation (TSX:CMK)("CLINE") announces that it is in negotiations for the reverse take-over of a London Stock Exchange AIM listed company (the "London AIM Company").
The transaction would result in CLINE selling its 80% controlling share interest in URAMAD SA of Madagascar, the CLINE uranium exploration subsidiary, to the London AIM Company in return for a 40% share interest in London AIM Company. Under the London Stock Exchange Rules the transaction would be a reverse take-over of the London AIM Company by CLINE.
Cline Mining Corporation is a mine development company focused on the exploration and development of mine mineral resource properties. The Company owns metallurgical coal, iron-ore and uranium properties located in Canada and Madagascar. The Company website can be located at www.clinemining.com. Shares of the company trade on the Toronto Stock Exchange under the symbol CMK.
Cline Mining Corporation
"Ken Bates"
Ken Bates, President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Cline Mining Corporation Ken Bates CEO (416) 830-0709 or Cline Mining Corporation Allan Taylor CFO (705) 560-8100 (705) 560-8521 (FAX) or Cline Mining Corporation Gordon Gormley COO (604) 687-7789 (604) 687-7765 (FAX) www.clinemining.com
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