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Cerrado Gold Inc. secures $10 million in a strategic private placement with Eric Sprott to boost working capital and support corporate purposes.

PRIVATEAug 31, 20266 days ago

Amount Raised

$10 Million

Round Type

Post-IPO Equity

TorontoOtherMining

Investors

Eric Sprott

Description

Cerrado Gold Inc. has entered into a strategic non-brokered private placement financing agreement with Eric Sprott for gross proceeds of C$10 million. The private placement comprises 4,000,000 units priced at C$2.50 each. The proceeds will be used for working capital and general corporate purposes

Company Information

Company

Cerrado Gold

Location

200 Bay St, 3205

Toronto, Ontario, Canada

About

Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Canada, Cerrado Gold is developing it's 100% owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec.

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