Business
Cordoba Minerals Provides an Update on Completion of Strategic Equity Investment by JCHX
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2020) - Cordoba Minerals Corp. (TSX...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Provides an Update on Completion of Strategic Equity Investment by JCHXVancouver, British Columbia--(Newsfile Corp. - January 2, 2020) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (\"Cordoba\" or the \"Company\") today provided an update on the timing of the expected completion of the strategic equity investment totalling approximately C$11 million by JCHX Mining Management Co., Ltd. (\"JCHX\").As per Cordoba's news release dated November 18, 2019, Cordoba will issue 91,372,536 common shares to JCHX through a private placement at a price of C$0.12 per share. Completion of the strategic equity investment is expected in January 2020.Upon closing of the private placement, JCHX will own approximately 19.9% of Cordoba's issued and outstanding common shares, and High Power Exploration Inc. (\"HPX\") will remain Cordoba's majority shareholder and its ownership will reduce to approximately 60%. About CordobaCordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is exploring the 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 porphyry 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 limitation, all statements regarding the timing and completion of the JCHX private placement at a price of C$0.12 per share for gross proceeds to Cordoba of approximately C$11 million. Forward-looking statements include predictions, projections and forecast...