August 12, 2022
Cordoba Minerals Corp. (TSXV:CDB, BUY, C$1.45 target, Taylor Combaluzier) has arranged a short term loan of US$2M with its majority shareholder, Ivanhoe Electric Inc. The bridge loan is a follow up loan to the previously announced loan of US$6M, and bears interest at 12% pa, which will be increased to 14% on non payment by the maturity date of Dec 31/22. The purpose of the loan is to ensure the company is able to continue exploration activities at its mineral projects, including a 25,000m drilling program for the completion of a Feasibility Study (read more) at its 100%-owned San Matias Cu-Au-Ag project in Colombia. Read more