Cerrado Files Notice to Implement Normal Course Issuer Bid
November 13, 2024 www.cerradogold.com
CERRADO FILES NOTICE TO IMPLEMENT NORMAL COURSE ISSUER BID
• Management and Directors do not believe Common Shares reflect the value of the
Company's assets and future prospects
TORONTO, ONTARIO – Cerrado Gold Inc. [TSX. V: CERT][OTCQX: CRDOF] (“Cerrado” or the
“Company”) announces today that the TSX Venture Exchange (“TSXV”) has accepted the Company’s
notice to implement a normal course issuer bid (the “NCIB”) permitting the Company to repurchase,
for cancellation, up to 5,170,903 common shares (“Common Shares”) of the Company, representing
5% of the issued and outstanding Common Shares.
The NCIB will commence on November 15, 2024 and will terminate on the earlier of (i) the Company
purchasing 5,170,903 Common Shares, (ii) the Company providing notice of termination of the NCIB,
and (iii) November 14, 2025. Under the NCIB, the Company may not acquire more than 2% of the
Common Shares, equating to 2,068,361 Common Shares, in any 30-day period.
The Company's Board of Directors believe that the market price of the Common Shares does not
reflect the underlying value of the Company's assets and future prospects, and that repurchasing
Common Shares will enhance shareholder value.
The Company has entered into an engagement with Eight Capital to act as its broker for the NCIB.
The NCIB will be made through the facilities of the TSXV and/or alternative trading systems and the
purchase and payment for the Common Shares will be made in accordance with TSXV requirements
at the market price of the Common Shares at the time of acquisition, plus brokerage fees, if any,
charged by Eight Capital. All common shares purchased by the Company under the NCIB will be
cancelled.
To the Company’s knowledge, none of the directors, senior officers or insiders of the Company, or
any associate of such person, or any associate or affiliate of the Company, has any present intention
to sell any Common Shares under the NCIB. The Company has not previously approved an NCIB.
A copy of the Form 5G - Notice of Intention to make a Normal Course Issuer Bid filed by the Company
with the TSXV can be obtained from the Company upon request without charge.
For more information about Cerrado please visit our website at: www.cerradogold.com.
Mark Brennan
CEO and Chairman
Mike McAllister
Vice President, Investor Relations
Tel: +1-647-805-5662
Disclaimer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains statements that constitute “forward -looking information” (collectively,
“forward-looking statements”) within the meaning of the applicable Canadian securities legislation.
All statements, other than statements of historical fact , are forward -looking statements and are
based on expectations, estimates and projections as at the date of this news release. Any statement
that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future
events or performance (often but not always using phrases such as “expects” , or “does not expect” ,
“is expected” , “anticipates” or “does not anticipate” , “plans” , “budget” , “scheduled” , “forecasts” ,
“estimates” , “believes” or “intends” or variations of such words and phrases or stating that certain
actions, events or results “may” or “could” , “would” , “might” or “will” be taken to occur or be
achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements contained in this press release include, without limitation, statements
regarding the business and operations of Cer rado. In making the forward - looking statements
contained in this press release, Cerrado has made certain assumptions including the underlying
value of the Company's assets and its future prospects, shareholder value that may be created in
pursuing the NCIB and the number of Common Shares, if any, that the Company will purchase under
the NCIB. Although Cerrado believes that the expectations reflected in forward -looking statements
are reasonable, it can give no assurance that the expectations of any forward-looking statements will
prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those expressed or implied by such forward-
looking statements. Such factors include, but are not limited to general business, economic,
competitive, political and social uncertainties. Accordingly, readers should not place undue reliance
on the forward -looking statements and information contained in this press release. Except as
required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a result of new information, future
events, changes in assumptions, changes in factors affecting such forward -looking statements or
otherwise.