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Cerro de Pasco Resources Announces Closing of $22.7 Million in Combined LIFE and Non-Brokered Private Placements, Including Participation by Eric Sprott
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Cerro De Pasco Resources, Inc.
[{"type":"text","content":"Cerro de Pasco Resources Announces Closing of $22.7 Million in Combined LIFE and Non-Brokered Private Placements, Including Participation by Eric Sprott\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n MONTRÉAL, Nov. 07, 2025 (GLOBE NEWSWIRE) --\n \n Cerro de Pasco Resources Inc.\n \n (TSXV: CDPR) (OTCMKTS: GPPRF) (FRA: N8HP) (BVL: CDPR) (“\n \n CDPR\n \n ” or the “\n \n Corporation\n \n ”) is pleased to announce that it has closed its previously announced brokered private placement pursuant to the listed issuer financing exemption under Part 5A of\n \n National Instrument 45-106 – Prospectus Exemptions\n \n , as modified by Coordinated Blanket Order 45-935 –\n \n Exemptions from Certain Conditions of the Listed Issuer Financing Exemption\n \n (the “\n \n LIFE Offering\n \n ”) and its concurrent non-brokered private placement, for combined gross proceeds of $22,736,139.36.\n \n\n The LIFE Offering was led by SCP Resource Finance LP and Raymond James Ltd. as co-lead agents and joint bookrunners, together with a syndicate of agents including Canaccord Genuity Corp. and CIBC World Markets Inc. (collectively, the “\n \n Agents\n \n ”) and consisted of 31,246,207 units of the Corporation (each, a “\n \n Unit\n \n ”) at a price of $0.48 per Unit (the “\n \n Offering Price\n \n ”) for gross proceeds of $14,998,179.36, completed on a commercially reasonable efforts basis. The concurrent non-brokered private placement comprised 16,120,750 Units at the Offering Price for additional gross proceeds of $7,737,960.00 (the “\n \n Concurrent Offering\n \n ”, and together with the LIFE Offering, the “\n \n Offering\n \n ”).\n \n\n Guy Goulet, Chief Executive Officer of Cerro de Pasco Resources, commented:\n \n “With the completion of this financing, Cerro de Pasco is in a stronger financial position to advance the Quiulacocha Project through the full feasibility stage and toward pre-construction readiness. Our immediate focus is on executing the technical, environmental, and engineering programs that will define the project’s design and secure the highest standards of performance and sustainability. This additional capita...