Cerro Mining Corp. (TSXV:CRX.H) announced a private placement of common shares at an issue price of CAD 0.50 per share for minimum gross proceeds of CAD 5,000,000 and maximum gross proceeds of CAD 8,000,000 on February 7, 2021. The transaction may be completed on a brokered or non-brokered basis. The transaction is subject to TSXV approval.