Cerro de Pasco Provides Corporate Update
CSE:CDPR
Cerro de Pasco Provides Corporate Update
MONTRÉAL, QUÉBEC, CANADA — (June 30, 2020) Cerro de Pasco Resources Inc. (CSE : CDPR) (OTCMKTS
: GPPRF) (Frankfurt : N8HP) (“CDPR” or the ”Company”) is pleased to provide the following update.
CDPR and Volcan Compañia Minera S.A.A. have agreed to extend the closure date of CDPR’s acquisition
of the Cerro de Pasco Mine (the “Transaction”), described below, until August 31, 2020. The Company’s
management continues to advance towards a successful closing.
About the Transaction
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 acquire 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 len gth transaction (the “ Transaction”)
will provide CDPR ownership and operation of all mining and processing assets in Cerro de Pasco, Central
Peru.
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 Cer ro 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”, “co uld”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar
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 forward -
looking information. Forward -looking statements are subject to business and economic factors and
uncertainties, and other factors that could cause actual results to differ materi ally 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