Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF) announced that it has completed the previously announced issuance of shares (refer to Cordoba’s news release dated March 30, 2020). A total of 3,713,687 common shares in the capital of the Company have been issued at a price of $0.0895 per Share, representing an aggregate value of approximately $332,375. The Shares were issued to two arm’s length parties in connection with Cordoba obtaining an extension on certain obligations due under an option agreement, and in consideration for work and services provided by the parties.
Cordoba further announces that it has completed the previously announced private placement with JCHX Mining Management Co., Ltd. A total of 928,401 common shares have been issued at a price of $0.0516 per JCHX Share, for gross proceeds to the Company of $47,905. Cordoba intends to use the proceeds for working capital and general corporate purposes.
The Shares and JCHX Shares are subject to a four-month and one day hold period from the date of issue.
For more information please visit the Cordoba website.