Cerro de Pasco Resources Announces Private Placement Offering of Common Share Units
Cerro de Pasco Resources Announces Private Placement
Offering of Common Share Units
Not for dissemination in the United States or through any wire service in the United States
MONTRÉAL, QUÉBEC, CANADA — (September 22 , 2023) Cerro de Pasco Resources Inc. (CSE: CDPR)
(OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce its intention to
complete a non -brokered private placement offering (the “Offering”) of up to 20,000,000 units of the
Corporation (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of up to $2,000,000.
Each Unit will be comprised of one common share in the capital of the Corporation (a "Common Share")
and half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the
holder thereof to purchase one additional unit (each a “Warrant Unit”) at a price of $0.15 per Warrant
Unit until the earlier of the date which is 24 months after the closing date of the Offering (the “Closing
Date”) and, if applicable, the Accelerated Expiry Date (as defined hereinaft er) (the “Expiry Date”). Each
Warrant Unit will consist of (i) one additional Common Share and (ii) one additional transferable Common
Share purchase warrant (the “Underlying Warrants”). Each Underlying Warrant will entitle the holder
thereof to acquire o ne additional Common Share (the “Underlying Warrant Shares”) at a price of $0.25
per Underlying Warrant Share until the Expiry Date.
In the event that, during the period following 24 months from the Closing Date, the volume -weighted
average trading price of the Common Shares exceeds $0.60 per Common Share for any period of 20
consecutive trading days, the Corporation may, at its option, following such 20-day period, accelerate the
expiry date of the Warrants by delivery of notice to the registered holders (an "Acceleration Notice")
thereof and issuing a press release (a "Warrant Acceleration Press Release", and, in such case, the expiry
date of the Warrants shall be deemed to be 5:00 p.m. (Montreal time) on the 30th day following the later
of (i) the date on which the Acceleration Notice is sent to Warrant holders, and (ii) the date of issuance of
the Warrant Acceleration Press Release (the “Accelerated Expiry Date”).
A finder's fee might be paid on the Offering, subject to the policies of the Canadian Secur ities Exchange
("CSE").
The Corporation intends to use the net proceeds from the Offering towards the development of the
Quiulacocha tailings and for working capital.
All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory
hold period in accordance with applicable securities laws.
No securities regulatory authority has either approved or disapproved the contents of this news release.
The securities to be iss ued under the Offering have not been, and will not be, registered under the U.S.
Securities Act of 1933 as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the
Units may not be offered or sold, pledged or otherwise transferre d within the United States or to U.S.
persons unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to
exemptions from the registration requirements of the U.S. Securities Act and applicable state securities
laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities
in the U.S., nor shall there be any sale of Units in any jurisdiction in which such offer, solicitation or sale
would be unlawful.
About Cerro de Pasco Resources
Cerro de Pasco Resources Inc. (CDPR) is a mining and resource management company, with the goal to
become the next mid -tier producer of base metals in Peru. CDPR is currently engaged in mining,
developing and exploring our wholly owned 6,000 hectare Santander Mine in the highly prospective
Antamina-Yauricocha Skarn Corridor, located 215 km from Lima. CDPR is also focused on the development
of its principal 100% owned asset, El Metallurgista mining concession comprising miner al tailings and
stockpiles extracted from the Cerro de Pasco open -pit mine in central Peru. The company’s approach at
El Metalurgista entails the reprocessing and environmental remediation of mining waste and the creation
of numerous opportunities in a circular economy. CDPR founded on clear the objectives, to engender long-
term economic sustainability and benefit for the local population, from an economic, social and health
point of view.
Forward-Looking Statements and Disclaimer
Certain information conta ined herein may constitute “forward -looking information” under Canadian
securities legislation. Generally, forward -looking information can be identified using 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 similar expressions.
Forward-looking statements, including the expectations of CDPR’s management regarding the completion
of the Offering as well as the amount of gross proceeds to be raised thereunder and the anticipated use
thereof, are based on CDPR’s estimates and are subject to known a nd 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 inf ormation. Forward -looking statements are subject to business and economic factors and
uncertainties and other factors that could cause actual results to differ materially from these forward -
looking statements, including the risks associated with exploratio n, development and mining activities;
the impact of macroeconomic events, and any material adverse effect on the business, properties and
assets of CDPR, as well as the relevant assumptions and risks factors set out in CDPR’s public documents,
available on SEDAR+ at www.sedarplus.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 assumption s 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 u pdate 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