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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (12858)	6/17/2015 8:18:11 AM
From: Goose94	Read Replies (1) \| Respond to of 202721

Cordoba Minerals (CDB-V) June 17, '15 is pleased to announce that it has closed its private placement with High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland, after receiving all required regulatory and shareholder approvals. With the strategic investment in Cordoba, HPX will have the option to enter into a joint venture with the Company to earn up to a 65% interest in Cordoba's highly-prospective San Matias Copper-Gold Project in Colombia by funding the Project and completing a feasibility study. Under the terms of the partnership previously announced (see May 8, 2015 news release), HPX agreed to purchase 7,300,000 Units ("Units") of Cordoba at the 20 day VWAP of C$0.14 per Unit, resulting in total proceeds to Cordoba of C$1,022,000. Each Unit consists of one common share of Cordoba and one fully-vested, three-year Cordoba common share purchase warrant (each a "Warrant") with an exercise price of C$0.20 per share. If fully exercised, the warrant subscription proceeds will total an additional C$1,460,000 to Cordoba. "We have received tremendous shareholder support for our partnership with HPX and with the closing of the strategic investment, we can focus on exploring our highly prospective San Matias Project where we believe potential exists to find a world-class asset," commented Mr. Stifano, President and CEO of Cordoba. The Company is also pleased to announce that Eric Finlayson, HPX's Senior Adviser - Business Development, will be joining the Company's Board of Directors. Eric is a geologist with over thirty years of global exploration experience and was the Global Head of Exploration for Rio Tinto from 2007 to 2011. About Cordoba Minerals Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba currently owns 100% of the highly prospective San Matias Project located near operating open pit mines with ideal topography in the Department of Cordoba. For further information, please visit www.cordobaminerals.com. Cordoba Minerals Corp. Mario Stifano President and CEO Phone: +1 416-862-5253 Email: info@cordobamineralscorp.com