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Provider: Reuters Investment Profile
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Provider: GlobalData
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Provider: GlobalData
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Cordoba Minerals Corp announces C$12 million equity financing


Wednesday, 15 Jan 2014 04:34pm EST 

Cordoba Minerals Corp:Says that a syndicate of agents co-led by GMP Securities L.P., Dundee Securities Ltd., BMO Capital Markets and including Clarus Securities Inc has been engaged to complete a financing by issuing about 24 mln subscription receipts.Says at a price of C$0.50 per Subscription Receipt for aggregate gross proceeds of up to C$12 mln.Says Equity Offering is being conducted in connection with the previously announced proposed acquisition by Cordoba of all of the issued and outstanding shares of Cordoba Holdings Corp. which it does not otherwise own and Sabre Metals Inc.Says net proceeds from the equity offering are expected to be used to fund commitments related to the acquisition of the Cordoba Project, for ongoing exploration.Says net proceeds to be used to development activity at the combined Cordoba and San Matias Projects including the high grade copper gold discovery at Montiel, and ongoing operating and working capital requirements. 

Company Quote

0.14
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30 Oct 2014