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Cordoba Minerals Completes $4.6 Million First Tranche of Private Placement


On December 24, 2020, Cordoba Minerals Corp. closed the first tranche of its non-brokered private placement of 61,632,749 units at a price of $0.075 per unit for gross proceeds of approximately $4.6 million.

Each unit consists of one common share of Cordoba and one share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of Cordoba at an exercise price of $0.115 for a period of 24 months following the closing date of the first tranche.

Cassels acted for Cordoba with a deal team that included David Redford and Sam Chapman (Securities and Mining).

RELATED EXPERTISE: Securities | Mining