Cerro de Pasco Resources Inc. has announced non-brokered private placement to issue 20,000,000 units at a price of CAD 0.10 per Unit for aggregate gross proceeds of up to CAD 2,000,000 on September 22, 2023. Each Unit will be comprised of one common share and half of one Common Share purchase warrant. Each whole Warrant will entitle the holder thereof to purchase one additional unit at a price of CAD 0.15 per Warrant Unit until the earlier of the date which is 24 months after the closing date of the transaction.

Each Warrant Unit will consist of one additional Common Share and one additional transferable Common Share purchase warrant. Each Underlying Warrant will entitle the holder thereof to acquire one additional Common Share at a price of CAD 0.25 per Underlying Warrant Share until the Expiry Date. All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

A finder's fee might be paid on the Offering, subject to the policies of the Canadian Securities Exchange.