MONTRÉAL, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (TSXV:CDPR) (OTCQB:GPPRF) (FRA: N8HP) (BVL:CDPR) ("CDPR" or the "Corporation") is pleased to announce a commercially reasonable efforts private placement pursuant to an agreement with SCP Resource Finance LP ("SCP"), together with Raymond James Ltd. ("RJ"), as co-lead agents and joint bookrunners (the "Co-Lead Agents"), on behalf of themselves and a syndicate of agents (hereinafter referred to collectively as the "Agents"), of up to to 31,250,000 units of the Corporation (each, a "Unit") at a price of $0.48 per Unit (the "Offering Price") for gross proceeds of up to $15,000,000 (the "LIFE Offering") pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions ("NI 45-106"), as modified by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption").
Each Unit will consist of (i) one common share in the capital of the Corporation (a "Common Share") and (ii) one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle its holder to acquire one additional Common Share (a "Warrant Share") at a price of $0.68, for a period of 24 months following the Closing Date (as defined herein), subject to a restriction on exercise expiring 61 days from the Closing Date.
The Agents will act as agent on a "commercially reasonable" agency basis in connection with the Offering.
The Corporation intends to use the net proceeds from the Offering to advance technical, environmental and engineering work required for the feasibility stage of the Quiulacocha Tailings Project, in addition to general corporate purposes.
The securities issuable from ...
