Cerro de Pasco Announces Non-Brokered Private Placement
CSE:CDPR
Cerro de Pasco Announces Non-Brokered Private Placement
MONTRÉAL, QUÉBEC, CANADA — (June 11, 2020) Cerro de Pasco Resources Inc. (CSE : CDPR) (OTCMKTS :
GPPRF) (Frankfurt : N8HP) (“CDPR” or the ”Co mpany”) intends to complete a $ 2,000,000 non-brokered
private placement offering (the “Offering”) of up to 6,666,666 units of the Corporation (“Units”) at a price
of $0.30 per Unit.
Each Unit will consist of one common share of the Company (a “Unit Share”) and one common share
purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire one common share of the
Company for 24 months from the closing of the Offering at a price of $0.50.
The Company has not engaged any agent to assist in completing the Offering. However, the Company may
pay finder’s fees in connection with certain subscriptions.
The net proceeds received from the Offering will be used for working capital and general corporate
purposes.
Any securities issued pursuant to the Offering will be subject to a hold period under applicable securities
laws, which will expire four months plus one day from the date of closing of the Offering.
Volcan Compañia Minera S.A.A. Agreement
On November 28, 2019, the Company announced the execution of a definitive share purchase agreement
dated November 27, 2019 (the “Agreement”) with Volcan Compañia Minera S.A.A. (BVL:VOLCABC1) and
its subsidiaries (collectively, “Volcan”), whereby CDPR will a cquire all of the issued shares of Oxidos
de Pasco S.A.C. ( “Oxidos”), Empresa Administradora de Cerro S.A.C (“ Cerro SAC ”) and Remediadora
Ambiental S.A.C. (together the “ Target Companies”). The arm’s length transaction (the “ Transaction”)
will provide CDPR ownership and operation of all mining and processing assets in Cerro de Pasco, Central
Peru.
On March 28, 2020, the Company and Volcan Compania Minera S.A.A agreed to extend the clos ing date
of the Transaction to June 27, 2020. While the Company continues to target a June 27, 2020 closing date;
there can be no assurance that closing will happen on such date.
For further details about the Transaction please referred to the press release issued on November 28,
2019.
About Cerro de Pasco Resources
Cerro de Pasco Resources Inc. is a resource management company, with a focus on applying the latest
technology in the production of commodity metals through the treatment and reprocessing of all material
resources, dumps, tailings, mining waste etc. at Cerro de Pasco in order to secure long -term economic
prosperity. CDPR strives to meet to the highest level of environmental, social and legal compliance. CDPR
provides extensive knowledge of Cerro de Pasco’s challenges and potential, based on first -hand
experience and a team of top experts.
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute “forward -looking information” under Canadian
securities legislation. Generally, forward -looking information can be identified by the use of forward -
looking terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”,
“could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results
“may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other sim ilar
expressions. Forward-looking statements, including the expectations of CDPR’s management regarding
the completion of the Transaction as well as the business and the expansion and growth of CDPR’s
operations, are based on CDPR’s estimates and are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or achievements of CDPR to
be materially different from those expressed or implied by such forward -looking statements or forwar d-
looking information. Forward-looking statements are subject to business and economic factors and
uncertainties and other factors, such as Covid-19, that could cause actual results to differ materially from
these forward-looking statements, including the relevant assumptions and risks factors set out in CDPR’s
public documents, available on SEDAR at www.sedar.com. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Although CDPR believes that the assumptions and factors used in preparing the
forward-looking statements are reasonable, undue reliance should not be placed on these statements and
forward-looking information. Except where required by applicable law, CDPR disclaims any intention or
obligation to update or revise any forward -looking statement, whether as a result of new information,
future events or otherwise.
Further Information
Guy Goulet, CEO
Telephone: +1-579-476-7000
Mobile: +1-514-294-7000