Cerro de Pasco Resources Announces Amendment to LIFE Offering Document

Core Points - Cerro de Pasco Resources Inc. has filed an amended and restated offering document for a brokered private placement aiming to raise gross proceeds of $10 million through the sale of 33,333,333 units at a price of$0.30 per unit [1][2] - The offering includes a concurrent private placement for a minimum of 16,666,667 units, potentially raising an additional $5 million [2] - Each unit consists of one common share and one half of a common share purchase warrant, with warrants allowing the purchase of additional shares at$0.50 for 24 months [3] Financial Details - The total gross proceeds from the LIFE Offering and the Concurrent Private Placement could reach $15 million if the Agents' Option is fully exercised, allowing for an increase of up to$2.25 million [4] - The net proceeds will be utilized for exploration at the Quiulacocha Tailings Project and for general corporate purposes [5] Securities Information - Securities from the LIFE Offering will be immediately tradeable without a hold period under Canadian securities laws, while those from the Concurrent Private Placement will be subject to a statutory hold period [6][7] - Agents will receive a cash fee of 6% of the gross proceeds and non-transferable warrants representing 6% of the total units issued [8] Company Overview - Cerro de Pasco Resources Inc. focuses on the El Metalurgista mining concession, which contains silver-rich mineral tailings and stockpiles from over a century of mining operations [11] - The company's strategy involves reprocessing mining waste and promoting environmental remediation, contributing to a circular economy [11]