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To: Goose94 who wrote (2554)10/19/2013 11:43:50 AM
From: Goose94Read Replies (1) | Respond to of 203329
 
Cordoba Minerals (CDB-V) awaits assays from drilling at the San Matias copper-gold property in Colombia. It will use the results to complete a resource estimate, after which it can acquire San Matias, as well as Cordoba the property next door, from two private companies, one is owned by a Colombian and the other by Mario Stifano (see below). It plans to pay a total of $5-million and 55 million shares. The deal has yet to receive shareholder and TSX-V approvals. It is contingent on Cordoba raising at least $3-million.

In conjunction with the purchase, the company has hired Mario Stifano as its new president. He says he has helped raise $600-million in project financings over the past 12 years, so $3-million should be no problem. (Mr. Stifano is the chairman of Mega Precious Metals (MGP-V) and was previously chief financial officer of Lake Shore Gold (LSG-T).)