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Cerro de Pasco Resources Announces Private Placement Offering of Common Share Units
Cerro de Pasco Resources Announces Private Placement Offering of Common Share Units Can...
About this update from Cerro De Pasco Resources, Inc.
[{"type":"text","content":"\n \n \n \n Cerro de Pasco Resources Announces Private Placement Offering of Common Share Units\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH ANY WIRE SERVICE IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n MONTRÉAL\n \n ,\n \n \n Sept. 22, 2023\n \n \n /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (\"CDPR\" or the \"Corporation\") is pleased to announce its intention to complete a non-brokered private placement offering (the \"Offering\") of up to 20,000,000 units of the Corporation (the \"Units\") at a price of\n \n $0.10\n \n per Unit for aggregate gross proceeds of up to\n \n $2,000,000\n \n . Each Unit will be comprised of one common share in the capital of the Corporation (a \"Common Share\") and half of one Common Share purchase warrant (a \"Warrant\"). Each whole Warrant will entitle the holder thereof to purchase one additional unit (each a \"Warrant Unit\") at a price of\n \n $0.15\n \n per Warrant Unit until the earlier of the date which is 24 months after the closing date of the Offering (the \"Closing Date\") and, if applicable, the Accelerated Expiry Date (as defined hereinafter) (the \"Expiry Date\"). Each Warrant Unit will consist of (i) one additional Common Share and (ii) one additional transferable Common Share purchase warrant (the \"Underlying Warrants\"). Each Underlying Warrant will entitle the holder thereof to acquire one additional Common Share (the \"Underlying Warrant Shares\") at a price of\n \n $0.25\n \n per Underlying Warrant Share until the Expiry Date.\n \n \n \n \n \n \n \n \n \n In the event that, during the period following 24 months from the Closing Date, the volume-weighted average trading price of the Common Shares exceeds\n \n $0.60\n \n per Common Share for any period of 20 consecutive trading days, the Corporation may, at its option, following such 20-day period, accelerate the expiry date of the Warrants by delivery of notice to the register...