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  • Cordoba Minerals (CDB) has announced a non-brokered private placement for gross proceeds of up to $4.5 million
  • Ivanhoe Electric Inc. has agreed to acquire approximately 1,823,685 common shares
  • Net proceeds from the offering will be used to fund fieldwork at the 100%-owned Alacran Copper-Gold-Silver Project in Colombia
  • Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects
  • Cordoba Minerals Corp. (CDB) opened trading at C$1.10 per share

Cordoba Minerals (CDB) has announced a non-brokered private placement of up to 4,086,728 common shares.

Shares will be priced at $1.10, for gross proceeds of up to $4.5 million.

Cordoba’s majority shareholder, Ivanhoe Electric Inc. has agreed to acquire approximately 1,823,685 common shares (for gross proceeds of approximately $2.0 million).

Net proceeds from the offering will be used to fund fieldwork at the 100%-owned Alacran Copper-Gold-Silver Project in Colombia and for general corporate purposes.

“We appreciate the ongoing support of our majority shareholder, which enables us to advance the important and ongoing work on the Alacran Pre-Feasibility Study,” commented Ms. Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp.

The offering will be completed in tranches and is subject to TSX Venture Exchange approval. Cordoba may pay eligible finders a fee in cash and/or securities of up to 6% of the gross proceeds raised by such finders.

Shares issued in the offering will be subject to a statutory hold period of four months and one day from the closing date.

Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects.

Cordoba Minerals Corp. (CDB) opened trading at C$1.10 per share.

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