VANCOUVER, Jan. 21, 2013 /CNW/ - Cordoba Minerals Corp. (TSX-V:CDB) is pleased to announce that it has closed the final tranche of its
previously announced non-brokered private placement by issuing 888,889
units at $0.45 per unit, for gross proceeds of $400,000. Each unit
consists of one common share and one-half of a warrant, each whole
warrant entitling the holder to purchase one additional common share
for two years at $0.50. The Company also issued 22,222 warrants as
finders' fees in connection with this portion of the financing. The
finders' fee warrants have the same terms as the unit warrants. All of
the shares and warrants have a resale restriction until May 22, 2013.
The net proceeds of the placement will be used towards exploration of
the Company's Cordoba Property, Colombia and for general working
About Cordoba Minerals
Cordoba Minerals Corp. is a Vancouver-based mineral exploration company
focused on the acquisition and exploration of copper and gold projects
in Colombia. Please visit our website www.cordobamineralscorp.com for additional project information.
ON BEHALF OF THE BOARD,
Simon Ridgway, Chairman and CEO
Cordoba Minerals Corp.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Some of the statements in this news release contain forward-looking
information that involves inherent risk and uncertainty affecting the
business of the Company. Actual results may differ materially from
those currently anticipated in such statement.
SOURCE: Cordoba Minerals Corp.
For further information:
Contact: Jaclyn Ruptash
Tel: (604) 801-5432; Fax: (604) 662-8829