Total funds received from Amarillo Mineracao do Brasil Ltda. ('Amarillo'), a wholly-owned subsidiary of Hochschild, under the Signing Loan now stand at
Under the terms of the option agreement with Amarillo ('Proposed Transaction'), following shareholder approval for the Proposed Transaction, the Signing Loan, together with all accrued and unpaid interest thereon and expenses relating thereto, shall be deemed to be repaid in full by Cerrado by the concurrent set off of an amount equal to the Signing Loan due by Amarillo as part of the Purchase Price. If Cerrado fails to secure the Cerrado Shareholder Approval on or before
Additionally, Cerrado is pleased to announce it has appointed
About Cerrado
In
In
Contact:
CEO and Chairman
Tel: +1-647-805-5662
Email: mmcallister@cerradogold.com
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Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado, appointment of auditors and the outcome of the shareholder meeting. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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