Cordoba Minerals Announces the Receipt of US$10 Million Bridge Financing from JCHX
Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) has received a US$10 million bridge financing from affiliates of its joint venture partner, JCHX Mining Management. The financing consists of two US$5 million loans advanced to Cordoba and the joint venture entity holding the Alacran Copper-Gold-Silver Project in Colombia.
The bridge loans will support the company's mineral projects advancement, particularly the detailed engineering design work program at the Alacran Project, and general corporate purposes. The company aims to progress the Alacran Project towards the construction phase while maintaining stakeholder engagement.
Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) ha ricevuto un finanziamento ponte di 10 milioni di dollari USA da società affiliate al suo partner di joint venture, JCHX Mining Management. Il finanziamento consiste in due prestiti da 5 milioni di dollari USA concessi a Cordoba e all'entità di joint venture che gestisce il Progetto Copper-Gold-Silver Alacran in Colombia.
I prestiti ponte sosterranno l'avanzamento dei progetti minerari dell'azienda, in particolare il programma di lavoro per la progettazione ingegneristica dettagliata del Progetto Alacran e scopi aziendali generali. L'azienda punta a far progredire il Progetto Alacran verso la fase di costruzione mantenendo l'impegno con le parti interessate.
Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) ha recibido un financiamiento puente de 10 millones de dólares EE.UU. de afiliados a su socio de empresa conjunta, JCHX Mining Management. El financiamiento consiste en dos préstamos de 5 millones de dólares EE.UU. otorgados a Cordoba y a la entidad de la empresa conjunta que posee el Proyecto de Cobre-Oro-Plata Alacran en Colombia.
Los préstamos puente apoyarán el avance de los proyectos minerales de la compañía, particularmente el programa de trabajo de diseño de ingeniería detallada en el Proyecto Alacran, así como propósitos corporativos generales. La empresa busca avanzar el Proyecto Alacran hacia la fase de construcción mientras mantiene el compromiso con los interesados.
코르도바 미네랄스 (TSXV: CDB) (OTCQB: CDBMF)는 공동 사업 파트너인 JCHX Mining Management의 제휴사로부터 1천만 달러의 브리지 금융을 받았습니다. 이 금융은 코르도바와 콜롬비아에 있는 알라크란 구리-금-은 프로젝트를 보유한 공동 사업체에 각각 500만 달러의 대출 두 건으로 구성되어 있습니다.
브리지 대출은 회사의 광물 프로젝트 진행을 지원하며, 특히 알라크란 프로젝트의 상세 엔지니어링 설계 작업 프로그램과 일반적인 기업 목적을 위한 것입니다. 회사는 이해관계자와의 Engagement를 유지하면서 알라크란 프로젝트를 건설 단계로 진행하고자 합니다.
Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) a reçu un financement relais de 10 millions de dollars US de la part d'affiliés de son partenaire de coentreprise, JCHX Mining Management. Le financement se compose de deux prêts de 5 millions de dollars US accordés à Cordoba et à l'entité de coentreprise détenant le projet de cuivre-or-argent Alacran en Colombie.
Les prêts relais soutiendront l'avancement des projets minéraux de l'entreprise, en particulier le programme de travail de conception d'ingénierie détaillée pour le projet Alacran, ainsi que des fins corporatives générales. L'entreprise vise à faire progresser le projet Alacran vers la phase de construction tout en maintenant l'engagement des parties prenantes.
Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) hat eine Brückenfinanzierung von 10 Millionen US-Dollar von verbundenen Unternehmen seines Joint-Venture-Partners JCHX Mining Management erhalten. Die Finanzierung umfasst zwei 5 Millionen US-Dollar Darlehen, die an Cordoba und die Joint Venture-Einheit, die das Alacran Kupfer-Gold-Silberprojekt in Kolumbien hält, vergeben wurden.
Die Brückendarlehen werden die Fortschritte der mineralischen Projekte des Unternehmens unterstützen, insbesondere das detaillierte Ingenieure.Design-Programm im Alacran-Projekt sowie allgemeine Unternehmenszwecke. Das Unternehmen zielt darauf ab, das Alacran-Projekt in die Bauphase zu bringen und gleichzeitig die Interessen der Stakeholder zu wahren.
- Secured US$10 million in bridge financing
- Funding ensures continuation of Alacran Project development
- Strong partnership with JCHX Mining Management demonstrated through financial support
- Increased debt burden through new bridge loans
- Reliance on bridge financing indicates potential cash flow constraints
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2025) - Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise "Cordoba" or the "Company"), is pleased to announce that the Company has received the previously announced bridge financing of US
The proceeds from the bridge financing in the form of two loans of US
The purpose of the Bridge Loans is to ensure the Company can continue the advancement of its mineral projects, including the detailed engineering design work program at the Alacran Project in Colombia, and for general corporate purposes.
"With the receipt of the bridge financing, we continue to focus on advancing the detailed engineering design work program at the Alacran Project while engaging with our stakeholders to move the Project towards the construction stage," commented Ms. Sarah Armstrong-Montoya, President and CEO of Cordoba.
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is jointly developing the Alacran Project with JCHX Mining Management Co., Ltd., located in the Department of Cordoba, Colombia. Cordoba also holds a
ON BEHALF OF THE COMPANY
Sarah Armstrong-Montoya, President and Chief Executive Officer
Information Contact
Ran Li +1-604-689-8765
info@cordobamineralscorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, the Alacran Project and development thereof. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Cordoba operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236754
FAQ
How much bridge financing did Cordoba Minerals (CDBMF) receive from JCHX in January 2024?
What will Cordoba Minerals use the US$10 million bridge financing for?
How is the US$10 million bridge financing structured for Cordoba Minerals (CDBMF)?
Which project will benefit from Cordoba Minerals' (CDBMF) recent bridge financing?
