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Cerro de Pasco Resources Announces $2.5M Offering to Advance Tailings Retreatment Project in Peru
Cerro de Pasco Resources Announces $2.5M Offering to Advance Tailings Retreatment Project...
About this update from Cerro De Pasco Resources, Inc.
[{"type":"text","content":"\n \n \n \n Cerro de Pasco Resources Announces $2.5M Offering to Advance Tailings Retreatment Project in Peru\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n MONTRÉAL,\n \n April 7, 2021\n \n /CNW Telbec/ -\n \n Cerro de Pasco Resources Inc\n \n . (CSE: CDPR) (OTC-PINK: GPPRF) (Frankfurt: N8HP) (\"CDPR\" or the \"Company\") is pleased to announce its intention to complete a\n \n $2,500,000\n \n non-brokered private placement offering (the \"Offering\") issuing up to 7,142,857 units of the Corporation (\"Units\"), each Unit consisting of one common share (a \"Share\") and one-half of one Share purchase warrant (each whole, a \"Warrant\"), at a price of\n \n $0.35\n \n per Unit. Each Warrant will entitle its holder to purchase one additional Share at a price of\n \n $0.50\n \n per Share for a period of 24 months from the date of closing of the Offering.\n \n \n \n \n \n \n \n \n \n The amount raised under the Offering (further defined below) will be used for general and working capital purposes in advancing the Company's Quiulacocha tailings retreatment Project in\n \n Peru\n \n .\n \n \n \n \n Quiulacocha Tailings – Permit to Drill\n \n \n \n \n In line with process requirements, CDPR has received authorization from the Ministry of Energy and Mines to proceed with a workshop with the local community on\n \n April 18, 2021\n \n . The date has been officially approved by the Rural Community of Quiulacocha and preparations for the workshop are ongoing.\n \n \n CDPR will submit a completed Environmental Impact Statement (DIA) by the end of\n \n April 2021\n \n , for review and approval by the Environmental branch of the Ministry (DGAAM).\n \n \n The DIA provides the details and coordinates for the 40-hole Drilling Program that CDPR intends to carry out across the Quiulacocha Tailings Storage Facility (TSF), within the boundaries of its El Metalurgista Concession.  The Quiulacocha TSF is estimated to contain approximately 70 million tonnes of material with recoverable silver, zinc, lead, copper, gold and other strategi...