Energy - smartinvestment.ca

[rogerklam]

http://www.stockwatch.com/News.....p;region=C

[rogerklam]

TSX Delisting Review - Cline Mining Corporation (Symbol: CMK)
TORONTO, Jan. 4, 2013 /CNW/ - DELISTING REVIEW Cline Mining Corporation (the "Company") - TSX is reviewing the Common Shares (Symbol: CMK) of the Company with respect to meeting the continued listing requirements. The Company has been granted 60 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.

http://www.newswire.ca/en/stor.....symbol-cmk

[rogerklam]

If you are a shareholder, you better spend the time to read this news release. There are approx .2B shares before restructure. Assuming that all rights are exercised by the current common shareholders of Cline, and subject to currency fluctuations, those shareholders will then own approximately 46 per cent of the outstanding common shares and the bondholders will own approximately 54 per cent.
A BK may be more advantageous to the shareholders.(?)
Roger

Cline Mining Enters Into Agreement for Financial Restructuring
TORONTO, ONTARIO--(Marketwire - Dec. 27, 2012) - 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 bonds (the "Bonds") and, subject to approval by the Toronto Stock Exchange (the "TSX"), the exercise price of the company's outstanding share purchase warrants will be changed and additional securities of the Company will be issued as described below....
http://www.marketwire.com/pres.....741134.htm
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I am not a registered financial advisor and the above is just my opinion not advice. You are entirely responsible and liable for using the information.

[rogerklam]

The following are the terms for the bond. If the Co. can get a finance, what will be the terms ? Good Luck!
Roger

http://www.clinemining.com/news/pdf/111220.pdf

The Bonds will have a maturity date that is two years from the date of initial issuance of Bonds and bear a
coupon of 10% per annum, payable semi-annually in arrears in equal instalments.
In consideration for the Lenders’ commitment to take up the Bonds (the “Commitment”), the Company
issued an aggregate of 7.5 million common share purchase warrants (the “Commitment Warrants”) to the
Lenders exercisable at a price of C$1.75 at any time on or before September 30, 2014. These warrants
were issued in two tranches with the first 3,000,000 being issued on October 14, 2011 and the balance of
4,500,000 warrants being issued on December 13, 2011.
Pursuant to the terms of the Financing, the Company is also obligated to issue to the Lenders a further
1.25 million common share purchase warrants (the “Drawdown Warrants”) for every US$25 million in
principal of the Commitment that is drawn down. The Drawdown Warrants are exercisable at a price
equal to 120% of the volume weighted average price of Cline’s common shares over the previous 10
trading days on which a formal drawdown notification is given to the Lenders. Each Drawdown warrant
is exercisable into one common share of the Company and will expire three years from their date of
issuance.
Subject to satisfaction of standard terms and conditions set forth in the Trust Indenture, Cline may
drawdown on the Commitment by issuing the Bonds at any time prior to December 13, 2012 to the
Lenders....
_________________
I am not a registered financial advisor and the above is just my opinion not advice. You are entirely responsible and liable for using the information.

[rogerklam]

At $.09, it is too risky for me. JMHO
_________________
I am not a registered financial advisor and the above is just my opinion not advice. You are entirely responsible and liable for using the information.

[rogerklam]

BK ?