Cerro de Pasco Resources Inc. Announces Best Efforts Private Placement

Overview

Cerro de Pasco Resources Inc. (CSE: CDPR) is pleased to announce a best efforts private placement, led by SCP Resource Finance LP, on behalf of itself and a syndicate of agents, of up to 33,333,333 units of the Corporation at a price of $0.30 per Unit for gross proceeds of up to $10,000,000. This private placement is being conducted pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”). In addition to the LIFE Offering, the Corporation is also offering up to 16,666,667 Units at the Offering Price by way of a concurrent brokered private placement to certain purchasers.

Implications

This private placement will provide Cerro de Pasco Resources Inc. with the necessary capital to fund its strategic initiatives and further develop its projects. The success of this offering will enable the Corporation to advance its objectives and drive growth in its operations.

Effect on Individuals

As an individual investor, participation in this private placement may offer an opportunity to support a promising company in the resource sector and potentially benefit from its future success.

Global Impact

The success of Cerro de Pasco Resources Inc.’s private placement could have a positive impact on the resource industry as a whole, contributing to innovation and development in the sector. This could benefit economies worldwide by fostering growth and creating job opportunities.

Conclusion

In conclusion, Cerro de Pasco Resources Inc.’s best efforts private placement represents a significant opportunity for the Corporation to secure the funding needed for its growth initiatives. The success of this offering could have a ripple effect on the resource industry and global economy, driving innovation and progress in the sector.