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TORONTO, ONTARIO--(Marketwired - Nov. 17, 2015) - Cordoba Minerals Corp. ("Cordoba" or the "Company") (TSX VENTURE:CDB) is pleased to announce that it has closed its previously announced private placement (the "Private Placement") pursuant to which it issued an aggregate of 13,333,333 common shares at a price of $0.12 per share, resulting in total gross proceeds to Cordoba of C$1,600,000. All securities issued in connection with the Private Placement are subject to a statutory hold period expiring on March 17, 2016. High Power Exploration Inc., a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland, purchased an aggregate of 10,770,833 common shares in the Private Placement, while other insiders of the Company purchased an additional 687,834 common shares. |
