Cerro de Pasco Resources Inc. is pleased to announce its intention to complete a $2,500,000 non-brokered private placement offering issuing up to 7,142,857 units of the Corporation, each Unit consisting of one common share and one-half of one Share purchase warrant, at a price of $0.35 per Unit. Each Warrant will entitle its holder to purchase one additional Share at a price of $0.50 per Share for a period of 24 months [...]
Cerro de Pasco Resources Inc. is pleased to announce the filing of a NI 43-101 Technical Report under the Company's profile on SEDAR at www.sedar.com with the results of a maiden Mineral Resource estimate for the Excelsior Stockpile in Cerro de Pasco, Peru. The Mineral Resource estimate was prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and [...]
Cerro de Pasco Resources Inc. is pleased to announce the results of a maiden Mineral Resource estimate for the Excelsior Stockpile in Cerro de Pasco, Peru, prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves, adopted by the CIM Council on May 10, 2014. The Excelsior Stockpile covers a surface area of 67.92 ha and contains [...]
Cerro de Pasco Resources Inc. provides the following corporate update. On November 27, 2019, the Company entered into a definitive share purchase with Volcan Compañia Minera S.A.A. and its subsidiaries, whereby CDPR will acquire all the issued shares of Oxidos de Pasco S.A.C., Empresa Administradora de Cerro S.A.C and Remediadora Ambiental S.A.C. The arm's length transaction will provide CDPR ownership and operation of [...]
Cerro de Pasco Resources Inc. provides its position statement regarding Cerro de Pasco and with respect to the forthcoming referendum concerning the 'Responsibilities of Big Companies Doing Business Worldwide' in Switzerland on November 29, 2020. CDPR notes the comments made by the Responsible Business Initiative Committee concerning Glencore in relation to Cerro de Pasco. Regardless of the outcome of the referendum, CDPR [...]
Cerro de Pasco Resources Inc. in reference to previous Company announcements whereby CDPR will acquire all of the issued shares of Oxidos de Pasco S.A.C., Empresa Administradora de Cerro S.A.C. and Remediadora Ambiental S.A.C. from Volcan Companía Minera SAA, the company is providing the following update. In the process of finalizing the details of the transaction, CDPR and Volcan were unable to reach agreement on certain [...]
Cerro de Pasco Resources Inc. announces that it has completed a convertible debenture financing of $1,000,000. The Debenture is repayable in one year with interest at 10% per year. The Debenture will be used for general working capital and beginning of Quiulacocha Drilling Program. The Loan is convertible, at the option of the lender, into common shares of the Company, at $0.60 per share, which represents a 64% premium [...]
Cerro de Pasco Resources Inc. is providing the following update. 60-day Extension of the Cerro de Pasco Acquisition Agreement CDPR has agreed to extend the acquisition agreement of the Cerro de Pasco Mine, described below, with Volcan Compañia Minera S.A.A. and its subsidiaries until October 30, 2020. The Company's management continues to advance towards a successful closing and has extended the agreement date to enable [...]
Cerro de Pasco Resources closed the final tranche of a non-brokered private placement offering for a gross proceeds of $338,439 and issued 1,128,130 common share units of the Company at a price of at a price of $0.30 per Unit. Under the first, second and third tranches of the Offering, the Company raised aggregate gross proceeds of $ 2,000,0000. Each Unit will consist of one common share of the Company and one common [...]
Cerro de Pasco Resources Inc. reports that an environmental impact declaration for the Quiulacocha tailings deposit located in the Simon Bolivar District of Pasco, Peru has been approved for admittance by the Peruvian Ministry of Energy and Mines on July 7, 2020. The DIA provides the details and coordinates for the 40-hole drilling program that CDPR intends to carry out on its El Metalurgista Concession located within the [...]
Cerro de Pasco Resources Inc. closed the second tranche of a non-brokered private placement offering for a gross proceeds of $513,611 and issued 1,712,034 common share units of the Company at a price of at a price of $0.30 per Unit. Under the first and second tranches of the Offering, the Company raised aggregate gross proceeds of $1,661,561. Each Unit will consist of one common share of the Company and one common share [...]
Cerro de Pasco Resources Inc. is excited to announce the appointment of Professor Bernhard Dold as Chief Technology Officer of the Company. Dr. Dold has more than 25 years of experience in environmental mine waste management and sustainable mining around the world, with special emphasis on Peru and Chile. He has published over 70 papers, including three highly influential papers on the mine waste of Cerro de Pasco itself [...]