CERRO DE PASCO RESOURCES


Associated tags: FRA, CDPR, News, Sonic, Glencore, Easement, DGM, Corporate social responsibility, Qt Project, Mining, QT, Privatization, ISO, PEA, Concession, AMSAC, International Organization (journal), Mineral Resources Limited, Ministry, Technical report

Locations: SAINT SAUVEUR, QC, CA, SANTANDER, PERU, NI, CERRO, UNITED STATES, MONTREAL

Cerro de Pasco Resources Provides Update

Retrieved on: 
Tuesday, April 23, 2024
Indian stock exchange, Warrant, General counsel, Film director, CDPR, Consultant, Option, MB, Ministry, Mining, Minister, Supreme, Security (finance)

MONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (Frankfurt: N8HP) (“CDPR,” or the “Corporation”) is providing the following update.

Key Points: 
  • MONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (Frankfurt: N8HP) (“CDPR,” or the “Corporation”) is providing the following update.
  • The Mining Bureau of the Ministry of Energy and Mines (the “MB”) has confirmed the enforceability of these rights.
  • As the date hereof, CDPR has successfully completed the following steps of the legal easement procedure: (i) Legal and technical assessment made by the MB.
  • The Options will be vested in stages over a period of twelve months, with ¼ of the Options vesting in any three-month period.

Cerro de Pasco Resources Closes a Subscription Receipt and Private Placement for a total of $2,845,000

Retrieved on: 
Tuesday, April 2, 2024
SOL, CDPR, FRA, Sale, Nature, CAD, Mine, Expiration date, AG, Ministry, Person, Qiwllaqucha, Acceleration, PB, News, National instrument, Easement, Mining, Offering, Supreme, Disclosure, Share (finance), Security (finance)

MONTRÉAL, April 02, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that further to its news release of March 22, 2024, it has closed a second tranche of its previously announced non-brokered private placement offering of subscription receipts to cover the fee payable in relation to the Legal Easement (the “Easement”). Upon publication of the Supreme Resolution granting the Easement, CDPR will pay SOL 3,647,402.44 or approximately CAD 1,350,000 to a specific bank account of Banco de la Nacion. The two-year Easement will provide CDPR with access to the surface areas corresponding to its El Metalurgista Concession and the Quiulacocha Tailings Project, enabling the Corporation to initiate its 40-hole drilling campaign.

Key Points: 
  • The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.
  • Under the second tranche, the Corporation has sold 10,150,000 subscription receipts of the Corporation (the “Subscription Receipts”) at a price of $0.10 per Subscription Receipt for aggregate gross proceeds of $1,015,000.
  • In total, the Corporation raised aggregate gross proceeds of $2,560,000 and issued 25,600,000 Subscription Receipts (the “Offering”).
  • Upon the satisfaction of the Release Conditions, 1) each Subscription Receipt will automatically be converted into a unit of the Corporation (“Unit”).

Cerro de Pasco Resources Secures Funds for Easement to Start Drilling Program on its “El Metalurgista” Mining Concession in Peru

Retrieved on: 
Friday, March 22, 2024
Qiwllaqucha, Mine, Offering, Supreme, PB, SOL, CDPR, Warrant, FRA, Sale, News, Expiration date, Nature, National instrument, Share (finance), Easement, Acceleration, AG, Unit, Ministry, CAD, Mining, Person, Security (finance)

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that it has secured the funds to cover the fee payable in relation to the Legal Easement (the “Easement”). Upon publication of the Supreme Resolution granting the Easement, CDPR will pay SOL 3,647,402.44 or approximately CAD 1,350,000 to a specific bank account of Banco de la Nacion. The two-year Easement will provide CDPR with access to the surface areas corresponding to its El Metalurgista Concession and the Quiulacocha Tailings Project, enabling the Corporation to initiate its 40-hole drilling campaign.

Key Points: 
  • At this time, we are not aware of any additional requirement that should be met for the granting of the easement and no further delays are expected.
  • With the Minister himself reiterating full support, the signature of the Supreme Resolution is expected imminently.
  • The enforceability of these rights has been formally confirmed by the General Mining Bureau of Peruvian Ministry of Energy and Mines.
  • The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.

Cerro de Pasco Resources Announces Change of Financial Year-End and Appointment of New Auditors

Retrieved on: 
Thursday, February 22, 2024
FRA, Chartered Professional Accountant, CDPR, Corporation, Bank statement

A Notice of Change in Year-End has been filed by the Corporation on SEDAR+ pursuant to Regulation 51-102 respecting Continuous Disclosure Obligations (“R51-102”).

Key Points: 
  • A Notice of Change in Year-End has been filed by the Corporation on SEDAR+ pursuant to Regulation 51-102 respecting Continuous Disclosure Obligations (“R51-102”).
  • The Corporation also reports that it has appointed Davidson and Company LLP, Chartered Professional Accountants (“Davidson”), as auditors of the Corporation for the current financial year.
  • The appointment follows the resignation of the former auditors of the Corporation, Raymond Chabot Grant Thornton LLP.
  • A Change of Auditors reporting package has been filed by the Corporation on SEDAR+ and will be included in the management materials sent to shareholders for the next annual general meeting of the Corporation.

Cerro de Pasco Resources Restructures Santander Liabilities

Retrieved on: 
Thursday, February 1, 2024
CDPR, FRA, Intellectual property, Competition, Defense, Pharmaceutical industry

MONTREAL, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) announces that it has implemented measures to strengthen its consolidated balance sheet by restructuring the liabilities (the “Restructuring Plan”) at its wholly owned subsidiary Cerro de Pasco Subsidiaria del Perú SAC, owner of the Santander mine (“Santander”).

Key Points: 
  • MONTREAL, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) announces that it has implemented measures to strengthen its consolidated balance sheet by restructuring the liabilities (the “Restructuring Plan”) at its wholly owned subsidiary Cerro de Pasco Subsidiaria del Perú SAC, owner of the Santander mine (“Santander”).
  • Santander continues to perform safe and reliable operations on a care and maintenance basis.
  • As part of the Restructuring Plan, Santander has applied for a Preventive Restructuring Proceeding before the Peruvian National Institute for the Defense of Competition and the Protection of Intellectual Property (“INDECOPI”).
  • Formal next steps include a detailed audit of the creditor list by INDECOPI, following which Santander will submit a restructuring plan.

Cerro de Pasco Resources Closes Second Tranche of Private Placement for Total Current Financing of $2.0 Million

Retrieved on: 
Monday, January 22, 2024
Private, Unit, Person, Consultant, Qiwllaqucha, Expiration date, Indian stock exchange, Offering, Acceleration, Common, CDPR, News, NOT, FRA, Security (finance)

MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) is pleased to announce that, further to its news release of September 22 and November 20, 2023, the Company has closed the final and oversubscribed tranche of its non-brokered private placement (the “Offering”).  In connection with the closing of the final tranche, the Company issued 2,280,000 Units (each, a “Unit”) at $0.10 per Unit for gross proceeds of $228,000.

Key Points: 
  • In connection with the closing of the final tranche, the Company issued 2,280,000 Units (each, a “Unit”) at $0.10 per Unit for gross proceeds of $228,000.
  • Under the two tranches of the Offering, the Company raised aggregate gross proceeds of $2,000,000.
  • Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and half of one unit purchase warrant (a "Warrant").
  • The securities issued in the last tranche of the Private Placement are subject to a four-month-and-one-day statutory hold period expiring on May 18, 2024.

Cerro de Pasco Resources receives Green Light on Land Easement Application Process for Quiulacocha Tailings

Retrieved on: 
Thursday, January 11, 2024
PB, ISO, Mineralogy, Standard, Glencore, Easement, DGM, Country, Corporate social responsibility, Telephone numbers in Hungary, Supreme, Qiwllaqucha, Qt Project, Mining, Sonic, Privatization, Perseverance, QT, PEA, Concession, AMSAC, International Organization (journal), CDPR, Nature, News, Mineral Resources Limited, Ministry, FRA, Technical report

Guy Goulet, CEO of Cerro De Pasco Resources, “Our perseverance and meticulous adherence to process has finally paid off.

Key Points: 
  • Guy Goulet, CEO of Cerro De Pasco Resources, “Our perseverance and meticulous adherence to process has finally paid off.
  • The Easement will enable the Company to perform confirmatory exploration via a 40-hole sonic drilling program.
  • The Quiulacocha Tailings Storage Facility covers approximately 115 hectares and is estimated to hold approximately 75 million tonnes of tailings deposited from the 1920s to 1990s, with tailings deposited in the Quiulacocha Tailings Storage Facility from the early 1920´s to 1992.
  • The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.

Cerro de Pasco Resources closes first tranche of $1.8M equity financing, provides update on Land Easement Application Process for Quiulacocha Tailings

Retrieved on: 
Monday, November 20, 2023
Corporate social responsibility, Indian stock exchange, Acceleration, Housing, Environment, Health, News, Expiration date, Sonic, Mineral, Offering, Easement, Council, Mineral Resources Limited, Qt Project, Rain, QT, NOT, AMSAC, Republic, Agriculture, CDPR, Qualified person (European Union), MINEM, Corporation, TSF, Mining, PB, EMP, Standard, Tomography, Person, FRA, International Organization (journal), Supreme, Ministry, DGM, Weather, Privatization, ISO, Technical report, CIM, Glencore, Construction, Concession, PEA, Road

MONTRÉAL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) has closed a first Tranche of its previously announced non-brokered private placement, for total aggregate gross proceeds of $ 1,772,000 (the "Offering").

Key Points: 
  • Having confirmed AMSAC’s rejection of a voluntary land easement, DGM endorsed the initiation of a Legal (or “Forced”) Easement process.
  • The process recognizes that CDPR owns an irrevocable and indefinite right to explore and exploit the El Metalurgista concession, covering the Quiulacocha Tailings.
  • The Quiulacocha tailings deposit (4,300 masl) covers approximately 115 hectares with tailings deposited in the Quiulacocha Tailings Storage Facility (TSF) from the early 1920´s to 1992.
  • The tailings stored in the TSF, comprised of processing residues, come from the Cerro de Pasco open pit and underground mine.