Vancouver, B.C., September 25th, 2013 - CERRO MINING CORP. (TSX-V: CRX) ("Cerro") and Datinvest International Ltd. (NEX: DAI.H) ("Datinvest") report, further to the joint news release of August 30, 2013, that the letter of intent, as amended, has expired and the parties have mutually decided not to move forward with the proposed business combination. Cerro is actively pursuing alternative financing opportunities.
About Cerro Mining Corp.
Cerro is a publicly traded, junior exploration and mineral development company with a strong portfolio of precious and base metal projects in Chile, Peru and USA. Cerro has a 100% interest in the Lajitas and Nevada gold-copper properties located in the Maricunga Gold and Copper District and approximately 700 kilometres northwest of Santiago, Chile. The properties comprise ten exploration claims and six exploitation claims totalling a cumulative 3,500 hectares in area. Cerro holds a 100% interest in the Tinton Gold Project located 15 kilometres west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota. The Tinton property consists of 1,270 hectares contained in 157 unpatented mining claims.
For further information about Cerro Mining Corp. and this news release, contact Herrick Lau, director, at 604-688-9588.
About Datinvest International Ltd.
Datinvest is listed on the NEX, a separate board of the TSX Venture Exchange. Datinvest has no business or operations.
For further information about Datinvest International Ltd. and this news release, contact Balraj Mann, director, at 604-601-2018.
On Behalf of the Board of Directors, On Behalf of the Board of Directors,
CERRO MINING CORP. DATINVEST INTERNATIONAL LTD.
"Herrick Lau" "Balraj Mann"
Herrick Lau Balraj Mann
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the control of Cerro and Datinvest. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. Cerro and Datinvest undertake no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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