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Cerro Mining Corp (3)
Symbol CRX
Shares Issued 7,243,929
Close 2019-12-30 C$ 0.10
Recent Sedar Documents

Cerro shareholders Bowering, Zhang see warrants expire

2020-02-04 15:35 ET - News Release

Mr. Jason Birmingham reports

Three of Cerro Mining Corp.'s shareholders have filed on SEDAR, on the company's profile, 62-103 F1 forms concerning the expiry of certain warrants issued by the company.

The early warning filings include the following information:

  • On Feb. 2, 2018, Andrew Bowering acquired 1.1 million units of the issuer. Each unit consisted of one common share of the issuer and one whole transferable common share purchase warrant. Each warrant was exercisable into one common share of the issuer at a price of 10 cents for a period of 12 months from the date of issuance. The shares and warrants represented, at that time, 14.85 per cent of the issued and outstanding common shares of the issuer on a partially diluted basis. On Feb. 2, 2019, the warrants expired without exercise.
  • As a result, Andrew Bowering held only shares of the issuer and these 1.1 million shares represented, at that date, 7.59 per cent of the 14,487,810 and outstanding common shares of the issuer on that date. On May 27, 2019, the common shares of the issuer underwent a one-for-two consolidation resulting in Andrew Bowering holding 550,000 shares on a postconsolidated basis.
  • On Feb. 2, 2018, Paul Bowering acquired 1.1 million units. The shares and warrants comprising those units represented, at that time, 14.85 per cent of the issued and outstanding common shares of the issuer on a partially diluted basis.
  • On Feb. 2, 2019, the warrants expired without exercise. As a result, Paul Bowering held only shares of the issuer and these 1.1 million shares represented, at that date, 7.59 per cent of the 14,487,810 issued and outstanding common shares of the issuer on that date. On May 27, 2019, the common shares of the issuer underwent a one-for-two consolidation resulting in Paul Bowering holding 550,000 shares on a postconsolidated basis.
  • On Feb. 2, 2018, Shu Xian Zhang acquired 1.12 million units. The shares and warrants comprising those units represented, at that time, 15.1 per cent of the issued and outstanding common shares of the issuer on a partially diluted basis.
  • On Feb. 2, 2019, the warrants expired without exercise. As a result, Mr. Zhang held only shares of the issuer and these 1.12 million shares represented, at that date, 7.73 per cent of the 14,487,810 issued and outstanding common shares of the issuer on that date. On May 27, 2019, the common shares of the issuer underwent a one-for-two consolidation resulting in Mr. Zhang holding 560,000 shares on a postconsolidated basis.

These shareholders may increase or decrease ownership or control or direction over the company's securities, subject to a number of factors including general market and economic conditions, and other available investment and business opportunities.

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