The Bridge Loan is for an 18-month term and bears simple interest at 12% per annum during the first twelve (12) months of the term, and bears simple interest at 14% per annum during the remaining six (6) months of the term, which shall be calculated on the basis of a 365-day year.
As indicated in the Company's news release dated
The proceeds from the Bridge Loan will be used to ensure the Company can continue exploration activities and advancement of its mineral projects, including the Feasibility Study technical work program at the
'The participation of JCHX in the Project provides an aligned strategic partner as we are steadily advancing the Feasibility Study work program at Alacran,' commented Ms.
About Cordoba
Contact:
President and Chief Executive Officer
T: +1-604-689-8765
E: info@cordobamineralscorp.com
Neither the
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, 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 Cordoba operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such 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 most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.
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