Cerro de Pasco Resources Announces Private Placements of up to $15 Million

Executive Summary

• Cerro de Pasco Resources announced a privately placed financing of up to 31,250,000 units at $0.48 per unit, targeting gross proceeds of up to $15 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable for an additional share at $0.68); warrants are valid for 24 months with a 61‑day post‑closing exercise restriction.
• Net proceeds will be used to fund technical, environmental and engineering work for the Quiulacocha Tailings Project feasibility stage and for general corporate purposes; closing is expected around November 6, 2025.

Key Details

• Offering Size: Up to 31,250,000 units
• Price per Unit: $0.48 (offering price)
• Maximum Gross Proceeds: $15,000,000
• Unit Composition:
• 1 common share
• ½ of a common‑share purchase warrant (full warrant gives right to buy one additional common share at $0.68)
• Warrant Terms: Exercise price $0.68; exercisable for 24 months after closing; restricted exercise period expires 61 days post‑closing.
• Agents/Bookrunners: SCP Resource Finance LP (lead), Raymond James Ltd. (co‑lead) and a syndicate of agents.
• Agent Compensation:
• Cash fee equal to 6.0% of gross proceeds.
• Broker warrants equal to 6.0% of units, exercisable into one unit at the issue price for two years from closing (subject to reduction for “president’s list” investors).
• Use of Proceeds: Advance technical, environmental and engineering work required for feasibility of the Quiulacocha Tailings Project; also for general corporate purposes.
• Closing Date: Expected on or about November 6, 2025, subject to customary conditions and approvals.
• Trading: Units issued under the Listed Issuer Financing Exemption will be immediately freely tradeable with no hold period under Canadian securities laws.

Notable Quotes

• “The net proceeds from this offering will enable us to move forward with critical feasibility work on the Quiulacocha Tailings Project, advancing our strategic growth and environmental remediation objectives,” – Guy Goulet, CEO.