Friday's announced financing: May 26

May 29, 2023 11:06 AM PST

Here's the single announced equity financing over $1 million from Friday, courtesy of the only database that tracks every financing, every day.

1. Cerro de Pasco Resources (CSE: CDPR)

  • Gross Proceeds: $1 million
  • Sector: Base metals
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.10
  • Warrants: Full; $0.25; Two years
  • Agents: Non-brokered        
  • Use of Proceeds: Working capital

Company breakdown:

  • Base metals junior that is currently producing zinc in Peru
  • Produced 32.7 million pounds of zinc in 2022
  • Filed a Preliminary Economic Assessment for its Pipe project indicating an after-tax net present value of $31.2 million

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