Business
Cordoba Minerals Completes Second Tranche of Share Issuance
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - Cordoba Minerals Corp. (TSXV:...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Completes Second Tranche of Share IssuanceVancouver, British Columbia--(Newsfile Corp. - July 16, 2020) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (\"Cordoba\" or the \"Company\") announces today that it has completed the Second Tranche of the previously announced issuance of shares (refer to Cordoba's news release dated March 30, 2020). A total of 4,660,176 common shares of the Company (the \"Second Tranche Shares\") have been issued at a price of $0.0732 per Second Tranche Share, representing an aggregate value of approximately $341,124.88 (US$250,000 on the deemed conversion date).As previously described, the Shares were issued to two arm's length parties in connection with Cordoba obtaining an extension on certain obligations due under the Alacran option agreement, and in consideration for work and services provided by the parties. Cordoba has completed its acquisition of a 100% interest in the Alacran Copper-Gold-Silver Deposit and the Alacran mineral title is fully secured (refer to Cordoba's news release dated July 2, 2020).The Second Tranche Shares are subject to a four-month and one day hold period from the date of issue.About CordobaCordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is developing its 100%-owned San Matias Copper-Gold-Silver Project, which includes the Alacran Deposit and satellite deposits at Montiel East, Montiel West and Costa Azul, located in the Department of Cordoba, Colombia. Cordoba also holds a 25% interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint Venture and Earn-In Agreement. For further information, please visit www.cordobaminerals.com.Information ContactEvan Young [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release includes \"forward-looking statements\" and \"forward-looking information\" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limi...