Le Lézard
Classified in: Mining industry
Subject: ESG

Cerro de Pasco Resources Announces Correction to Press Release Issued November 8, 2021


CSE:CDPR

MONTREAL, Nov. 8, 2021 /CNW Telbec/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (Frankfurt: N8HP) ("CDPR" or the "Company") announces a correction to its press release titled "Cerro de Pasco Resource to Acquire Trevali's Santander Mine" (the "Initial Press Release") disseminated on November 8, 2021 at 7:01 a.m. (Eastern Standard Time).

The Initial Press Release incorrectly described conditions subject to which 10 million shares of CDPR will be issued as consideration under the share purchase agreement (the "Agreement") entered into with Trevali Mining Corporation ("Trevali") (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI).

The Initial Press Release should have mentioned that under the terms of the Agreement, the Company will issue 10 million shares of CDPR to Trevali, which will be release from escrow and freely tradable according to the following schedule: (i) 10% at closing of the transaction, and (ii)  15% every six months thereafter.

This  correction does not change any other information reported in the Initial Press Release.

About Cerro de Pasco Resources Inc.

Cerro de Pasco Resources Inc. is a resource management company attuned to the most demanding environmental, social and legal compliance required by global institutions and investors.  The key strategic strength of the Corporation is an unparalleled knowledge of the challenges and opportunities presented by the mineral endowment within the city of Cerro de Pasco combined with a highly experienced and practical team of both Peruvian and international management.  The key focus of the Corporation will be on developing the El Metalurgista mining concession using advanced geo-resource and industrial development solutions in order to secure long-term economic operational sustainability in harmony with a healthy and prosperous local population.

SOURCE Cerro de Pasco Resources Inc.


These press releases may also interest you

at 17:56
Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") is pleased to announce that Tom Wilson has joined Mineral Mountain as Chief Financial Officer ("CFO"). Mr. Wilson, an experienced CFO in the resources industry, replaces Maribel...

at 16:05
Avantor, Inc. , a leading global provider of mission-critical products and services to customers in the life sciences, advanced technologies and applied materials industries, announced today that its Board of Directors has declared a quarterly cash...

at 15:36
Uravan Minerals Inc. ("Uravan") announces the sale of Uravan's 100% interest in the Stewardson West property, located in the Athabasca Basin, northern Saskatchewan and Uravan's 1.0 % net smelter return royalty (the "NSR") on the "Royalty Properties"...

at 15:10
Summa Silver Corp. ("Summa" or the "Company") is pleased to announce that it is increasing the size of its previously announced brokered private placement offering of Units of the Company (the "Units") at a price of $0.90 per Unit for gross...

at 15:00
Silicon Slopes today unveiled the names of 89 Finalists for its 2021 Hall of Fame & Awards Program, the organization's first statewide awards and recognition program. The Finalists are broken out as follows: In the 10 Company Categories, there are...

at 13:45
Please note that there was an error in a press release issued by Robex Resources Inc.  under the same headline on January 18, 2022, at 09:30 am EST. The corrected release follows: Robex Resources Inc. ("Robex", the "Group" or the "Company") Record...



News published on 8 november 2021 at 17:07 and distributed by: