VANCOUVER, Nov. 28, 2012 /PRNewswire/ - Cordoba Minerals
Corp. (TSXV:CDB) advises that it has increased the size of its
previously announced non-brokered private placement from 8,900,000
units to a maximum of 9,250,000 units, to raise gross proceeds of
up to $4,162,500. The terms of
the financing remain unchanged: each unit will consist of one
common share and one-half of a warrant, with each whole warrant
entitling the holder to purchase one additional common share of the
Company at $0.50 for two years from
closing.
If at any time from four months and one day
after the closing of the financing, the closing price of the
Company's common shares on the TSX Venture Exchange over any period
of 10 consecutive trading days exceeds $0.625, the warrants will expire early, namely,
on the date which is 37 calendar days following such 10-day trading
period.
The Company may pay finder's fees on a portion
of the financing equal to 5% of subscription amounts found, payable
in cash or units, plus issue finder's warrants in an amount equal
to 5% of units purchased. Each finder's warrant will be
exercisable into one common share of the Company at a price of
$0.50 for two years from closing.
The net proceeds of the placement will be used
towards exploration of the Company's Cordoba Property, Colombia and for general working capital
purposes.
About Cordoba Minerals
Cordoba Minerals Corp. is a Vancouver-based mineral exploration company
focused on the acquisition and exploration of copper and gold
projects in Colombia. Please
visit our website www.cordobamineralscorp.com for additional
project information.
ON BEHALF OF THE BOARD,
"Peter Thiersch"
Peter Thiersch, President
Cordoba Minerals Corp.
Symbol: TSX-V:CDB
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statement
Some of the statements in this news release
contain forward-looking information that involves inherent risk and
uncertainty affecting the business of the Company. Actual
results may differ materially from those currently anticipated in
such statement.
SOURCE Cordoba Minerals Corp.
