Cyprium Mining Corporation

Cyprium Mining Corporation

September 12, 2014 12:28 ET

Cyprium Mining Corporation Announces Change in Financial Year-End

MONTRÉAL, QUÉBEC--(Marketwired - Sept. 12, 2014) -


Cyprium Mining Corporation (TSX:CUG) ("Cyprium" or the "Corporation") would like to announce that, its financial year-end will be changed from September 30th to December 31st to align Cyprium's financial reporting calendar with its Mexican subsidiaries and to facilitate the investment community's ability to compare its financial performance. Cyprium will report a, one-time, fifteen month transition year covering the months of October 2013 to December 2014. Subsequent to the transition year, the Company's first full financial year will cover the period of January 1, 2015 to December 31, 2015.

During the remainder of the transition year, Cyprium will file interim financial statements for the three and twelve-month interim periods ending September 30, 2014 and September 30, 2013. Year-end financial statements will be filed for the fifteen month period ending December 31, 2014 and these will be compared to the financial statements for the twelve months ended September 30, 2013.

During its new financial year, Cyprium will file interim financial statements (comparative period end dates presented in brackets) covering the three months ended March 30, 2015 (March 30, 2014), the three and six-month periods ended June 30, 2015 (June 30, 2014), and the three and nine-month periods ended September 30, 2015 (September 30, 2014). Annual statements will be filed for the new financial year ending December 31, 2015 with comparative statements from the previous fifteen month financial year ending December 31, 2014.

As prescribed in National Instrument 51-102 Continuous Disclosure Obligations, the filing deadline for the annual financial statements will be on or before the 90th day after the end of the most recently completed financial year and the filing deadline for the interim financial statements will be on or before the 45th day after the end of the interim period.

About Cyprium

Cyprium Mining Corporation is a mining exploration company listed on the TSX Venture Exchange under the symbol "CUG". Cyprium is a mineral exploration company which targets the acquisition and generation of mining projects located solely in Northern Mexico that have a potential for profitable precious and base metal open pit and underground production. The Corporation's main project is the Las Cristinas copper/silver project located in Chihuahua State, Mexico. Cyprium owns 51% of Coyame Copper SA de CV ("Coyame Copper"), a Chihuahua, Mexico based mining exploration company and has an option to increase its stake in Coyame Copper to 70% for a consideration of US $1.2 million payable over a period of eighteen months following the exercise of the option. Coyame Copper's Las Cristinas Project consist of four adjacent exploration concessions (Las Cristinas, La Parrita, La Verde and La Lagrimosa) covering 684 hectares. Coyame Copper also owns production assets located outside the town of Coyame, Mexico.

Neither TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.


The securities of Cyprium being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including without limitation, statements pertaining to the closing of the Offering including Cyprium's ability to obtain necessary approvals from the TSX Venture Exchange. Actual results may differ materially. Cyprium will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Cyprium.

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