Mr. Jason Birmingham reports
CERRO MINING CORP. ANNOUNCES, DIRECTOR CHANGE & SHORT TERM LOAN
Cerro Mining Corp. has appointed Anthony Paterson to the company's board of directors.
Mr. Paterson has over eight years experience in the venture capital and private equity markets as a strategic investor, builder and operator. Mr. Paterson has helped oversee the acquisition, growth and management of assets across a broad spectrum of industries, including health and wellness, food and beverage, Internet marketing, mezzanine lending, CBD (cannabidiol) manufacturing, and resource development.
Mr. Paterson has directly participated in raising over $50-million of growth capital in the private sector. His recent successes include being a significant partner in the bridge loan and go-public financing for Prime Mining Corp. (PRYM). As Mr. Paterson continues to expand his reach into the commodity sector, he is now focusing on building long-term wealth in quality companies with strong brands and dynamic leadership.
Jason Birmingham, Cerro president and chief executive officer, states: "We are very pleased to have Anthony join the company's board. His network and experience will assist Cerro in pursuing potential new opportunities to increase shareholder value."
Brock Daem has resigned from the board of directors. The company thanks Mr. Daem for his valuable service and contributions.
Lastly, the board of directors of the company has approved the entry into and execution of a loan agreement with the company's new director of the company for an aggregate amount of up to $10,000. The purpose of the loan is to provide Cerro with interim working capital for continuing business activities.
We seek Safe Harbor.
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