Mr. Simon Ridgway reports
CORDOBA MINERALS COMPLETES FINAL $400,000 TRANCHE OF PRIVATE PLACEMENT
Cordoba Minerals Corp. has closed the final tranche of its
previously announced non-brokered private placement by issuing 888,889
units at 45 cents per unit for gross proceeds of $400,000. Each unit
consists of one common share and one-half of a warrant, with each whole
warrant entitling the holder to purchase one additional common share
for two years at 50 cents. The company also issued 22,222 warrants as
finders' fees in connection with this portion of the financing. The
finder-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 toward exploration of
the company's Cordoba property in Colombia and for general working
capital purposes.
We seek Safe Harbor.
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