12:39:46 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Cordoba Minerals Corp (2)
Symbol CDB
Shares Issued 66,112,103
Close 2015-06-29 C$ 0.185
Market Cap C$ 12,230,739
Recent Sedar Documents

Cordoba Minerals agreement with HPX Colombia

2015-07-02 16:58 ET - Property Agreement

Further to the bulletin dated June 25, 2015, with respect to the private placement of 7.3 million units at 14 cents per unit, the TSX Venture Exchange has accepted for filing documentation in connection with a joint venture and earn-in agreement between Cordoba Minerals Corp. and HPX Colombia Ventures Ltd. dated May 8, 2015, with respect to the San Matias project held by Minerales Cordoba SAS, an indirect subsidiary of Cordoba. Concurrent with the closing of the private placement HPX may earn an interest as follows:

  • Initial option period -- finance $2.5-million of exploration work within 18 months;
  • Phase 1 -- finance $6-million of exploration work within 36 months from the end of the initial option period to earn a 25-per-cent interest in the JV company;
  • Phase 2 -- finance $10-million of exploration work within 30 months of the completion of phase 1 in to earn a further 26-per-cent interest in the JV company;
  • Phase 3 -- finance a feasibility study compliant with National Instrument 43-101 within 36 months of the end of phase 2 in order to earn a further 14-per-cent interest in the JV company (resulting in a total interest of 65 per cent).

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