Cordoba has issued 91,372,536 common shares to JCHX through a private placement at a price of
Cordoba intends to use the proceeds for completing work required to secure mining approvals at the
The shares issued to JCHX are subject to a four month and one day hold period, which expires on
'We welcome JCHX as a major shareholder in our Company,' stated
JCHX's President
Pursuant to the terms of the investor rights agreement with JCHX, JCHX has nominated and Cordoba has accepted JCHX's nomination of Dr.
From 1984 to 2007,
Between 2008 and 2014,
About JCHX
Established in 1997, through its continuous and rapid development, JCHX has become one of the top mining construction companies in
JCHX is capable of providing comprehensive and professional services to the industry, as it has built a reputation for its integrity and credibility. The company specializes in underground mine development and construction, and production mining, especially in large-section declines and tunnels development. With an extensive fleet of mining equipment supported by highly trained employees, the company can provide solutions for a variety of projects, even those with the most complex geological conditions. JCHX strives to build safe and eco-friendly projects with the spirit of high quality and efficiency through cost-effective approaches.
JCHX is completing the underground development at the
About Cordoba
Contact:
Tel: +1-604-689-8765
Email: info@cordobamineralscorp.com
Forward-Looking Statements
This news release includes 'forward-looking statements' and 'forward-looking information' within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, all statements regarding the receipt of necessary approvals and the timing and completion of the JCHX private placement; statements regarding the proposed use of proceeds from the JCHX private placement and statements regarding the advancement and/or development of the
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of TSXV approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties and currency fluctuations. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading 'Risks and Uncertainties' in the Company's MD&A for the year ended
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