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

To: Goose94 who wrote (86202)	6/3/2020 2:34:21 PM
From: Goose94	Read Replies (1) \| Respond to of 203026

Cerro Mining (CRX.H-V) new 52 week high, 32 cents

To: Goose94 who wrote (86202)	5/19/2021 1:49:59 PM
From: Goose94	Respond to of 203026

Cerro Mining (CRX.H-V) Closing Of Initial Tranche Of Subscription Receipts PP And Exercise Of Warrants May 19, '21 - NR Cerro Mining Corp. has closed the initial tranche of its private placement of subscription receipts, effective May 14, 2021, for total gross proceeds of $7,109,000 by the issuance of 14,218,000 subscription receipts at a price of 50 cents per subscription receipt. The gross proceeds of the Concurrent Financing have been deposited into escrow with Computershare Trust Company of Canada (the "Escrow Agent") and will be held in escrow pending satisfaction or waiver of escrow release conditions (the "Escrow Release Conditions"), including, among others, receipt of approval by the TSX Venture Exchange (the "Exchange") and approval by Cerro's disinterested shareholders of the acquisition by Cerro of all of the issued and outstanding common shares of CAIR by David Cosmetics Inc. by way of a three-cornered amalgamation (the "Transaction"). Upon satisfaction or waiver of the Escrow Release Conditions, each Subscription Receipt will be automatically exchanged for one common shares of Cerro and the escrowed funds will be released from escrow to Cerro. See the Company's news release of May 11, 2021 for more information related to the Concurrent Financing and the Transaction. In connection with the closing of the initial tranche of the Concurrent Financing, Haywood Securities Inc., PI Financial Corp., and Leede Jones Gable Inc. are entitled to receive cash finder's fees totalling in aggregate $89,670 which is equal to 6% of the amount of proceeds raised in the Concurrent Financing from purchasers introduced to Cerro by the finders. The finder's fees will be paid when the Escrow Release Conditions have been met and the escrowed funds have been released to Cerro. On May 14, 2021, the Exchange granted conditional acceptance for the Concurrent Financing of a minimum of 18,200,000 Subscription Receipts and a maximum of 22,000,000 Subscription Receipts at a price of $0.50 per Subscription Receipt to raise minimum gross proceeds of $9,100,000 and maximum gross proceeds of $11,000,000. Announcements of the closing of any further tranches of the Concurrent Financing will be made as they occur. Exercise of Warrants All holders of warrants from the Company's previously completed private placement in May, 2020 have exercised their warrants to purchase an aggregate of 10,000,000 common shares of the Company (the "Warrants") at an exercise price of $0.065 per share, resulting in aggregate proceeds to the Company of $650,000 and the issuance of 10,000,000 common shares of the Company. The Warrants were issued on May 19, 2020 as part of a non-brokered unit private placement comprising of a total of 10,000,000 units at a price of $0.05 per unit for aggregate proceeds to Cerro of $500,000. Each unit was comprised of one common share of Cerro and one Warrant exercisable for one year from the date of issue of the units. On Behalf of the Board of Cerro Mining Corp. "Anthony Paterson " Anthony Paterson, Director For further information, please contact: Cerro Mining Corp. Tel: +1-604-428-6128 Email: anthonyp@tkoconsulting.ca