News Releases

Cordoba Minerals Announces Non-Brokered Private Placement of up to $4.5 million

May 20, 2021

Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF) announces that Cordoba intends on completing a non-brokered private placement of up to 4,086,728 common shares of the Company at a price of $1.10 per Common Share, for gross proceeds of up to $4.5 million (approximately US$3.7 million).

The Company’s majority shareholder, Ivanhoe Electric Inc. (“Ivanhoe Electric”; previously High Power Exploration Inc.) has agreed to subscribe for approximately 1,823,685 common shares (for gross proceeds of approximately $2.0 million) of the Offering.

Net proceeds from the Offering will be used to continue the advancement of fieldwork supporting the ongoing Pre-Feasibility Study work at the Company’s 100%-owned Alacran Copper-Gold-Silver Project in Colombia (refer to Cordoba’s news releases dated March 31, 2021 and May 13, 2021) and for general corporate purposes.

Please see Cordoba’s news release for more information.

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