HPX majority-owned subsidiary Cordoba Minerals Corp. (TSX-V:CDB; OTCQX:CDBMF) announced that it proposes to increase its previously announced non-brokered private placement (refer to Cordoba’s news release dated February 14, 2019) by an additional 5,000,000 units of the Company at a price of $0.10 per Unit. The Offering will be for up to 25,000,000 Units, for gross proceeds of up to $2,500,000. Net proceeds from the Offering will be used to advance exploration activities at the Perseverance Project in Arizona, USA, where recent drilling has indicated proximity to a Laramide porphyry copper system (refer to Cordoba’s news release dated January 21, 2019), and will include continuation of drilling activities and preparation and permitting for geophysical surveys, including HPX’s Typhoon™ technology. Remaining funds will be used for general corporate purposes.
For complete details please see Cordoba’s news release.