Cordoba Minerals Provides an Update on Completion of Strategic Equity Investment by JCHX
Cordoba Minerals Provides an Update on Completion of
Strategic Equity Investment by JCHX
VANCOUVER, BRITISH COLUMBIA, January 2, 2020: Cordoba Minerals Corp. (TSX-V: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 Cordoba
Cordoba 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 Contact
Evan Young +1-416-545-5371
Neither 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 Statements
This 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 forecasts and are often, but not always, identified by the use of words such as "anticipate",
2
"believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions
and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered
reasonable by management based on the business and markets in which the Company operates, are
inherently subject to significant operational, economic, and competitive uncertainties, risks and
contingencies. These include assumptions regarding, among other things: general business and economic
conditions; the availability of additional exploration and mineral project financing; the supply and demand
for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners;
the timing and receipt of governmental permits and approvals; the timing and receipt of community and
landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation
of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of
equipment, skilled labour and services needed for the exploration and development of mineral properties;
and currency fluctuations. There can be no assurance that forward-looking statements will prove to be
accurate and actual results, and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from the Company's
expectations include actual exploration results, interpretation of metallurgical characteristics of the
mineralization, changes in project parameters as plans continue to be refined, future metal prices,
availability of capital and financing on acceptable terms, general economic, market or business conditions,
uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration
or other risks detailed herein and from time to time in the filings made by the Company with securities
regulators, including those described under the heading “Risks and Uncertainties” in the Company’s most
recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements,
except in accordance with applicable law.