VANCOUVER, June 22, 2015 /CNW/ - Cardero Resource Corp. ("Cardero" or the "Company") – (TSX: CDU, OTCBB: CDYCF, Frankfurt: CR5) announces that, pursuant to their news release dated May 28, 2015, effective June 18, 2015, the Company has acquired an aggregate of 23,743,781 common shares, representing 54.46%, of Centenera Mining Corporation (formerly Artha Resources Corp.) ("Centenera") (TSXV: CT).
Cardero, through the reverse takeover of Centenera, has sold to Centenera all of Cardero's interests in their wholly-owned Argentine subsidiary, Cardero Argentina, S.A. ("Cardero Argentina"). Cardero Argentina's principal assets include the 100% owned Organullo Gold deposit, located in Salta province, Argentina, the 100% owned former-producing Mina Angela Gold deposit, located in Chubut province, southern Argentina, and an extensive proprietary exploration data-set covering northwestern and west-central Argentina.
A copy of the Early Warning Report filed under Part 3 of National Instrument 62-103 with respect to the foregoing acquisition is available upon request to Marla K. Ritchie, Corporate Secretary of Cardero, at 604-408-7488, ext. 3886.
With Cardero's focus on bulk commodities over the past seven years, its mineral assets in Argentina were not an area of focus and effectively provided no value to shareholders. With the completion of the Transaction, the Argentinean assets have transferred to a separate Argentina-focused vehicle sharing management with Cardero, which is 54% owned by Cardero. The Transaction does not result in any other change to Cardero, its management or operations.
About Centenera Mining
Centenera is a resource company trading on the TSX Venture Exchange. The company is focused 100% on Argentina with three precious metals assets and extensive exploration datasets. The strategy moving forward is to acquire more high-quality precious metal and copper assets, taking advantage of positive political changes expected in Argentina during late 2015 and beyond. For more information on the Company's board of directors, management and assets, please refer to the web site at www.centeneramining.com.
About Cardero Resource Corp.
The common shares of the Company are currently listed on the TSX (symbol CDU), the OTCBB (symbol CDYCF) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Hendrik van Alphen" (signed)
Hendrik van Alphen, President
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market for, and pricing of, any mineral products the Company, the inability of the Company to produce minerals from their properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's 2011 Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 40-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
SOURCE Cardero Resource Corp.
For further information: Contact Information: Hendrik van Alphen, Tel: 604-638-3886, General Information: [email protected], Toll Free: 1-888-770-7488, Phone: (604) 408-7488, Fax: (604) 408-7499