VANCOUVER, Jan. 21, 2013 /PRNewswire/ - Cordoba Minerals
Corp. (TSX-V:CDB) is pleased to announce that it has closed the
final tranche of its previously announced non-brokered private
placement by issuing 888,889 units at $0.45 per unit, for gross proceeds of
$400,000. Each unit consists of
one common share and one-half of a warrant, each whole warrant
entitling the holder to purchase one additional common share for
two years at $0.50. The Company
also issued 22,222 warrants as finders' fees in connection with
this portion of the financing. The finders' fee warrants have
the same terms as the unit warrants. All of the shares and
warrants have a resale restriction until May
22, 2013.
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,
"Simon Ridgway"
Simon Ridgway, Chairman and CEO
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.
