Moving up This stock rallied well from Nov to Feb and then things fell apart with Corona... looks like we are still on track and the stock is catching up..
from Nov-Jan they got a strategic investment at 12 cents... and are 80% owned by 2 companies that must see that this will be a profitable mine.
Seems a good thing to ride on their coattails as it gets developed.
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2020) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) ("Cordoba" or the "Company") today provided an update on the timing of the expected completion of the strategic equity investment totalling approximately C$11 million by JCHX Mining Management Co., Ltd. ("JCHX").
As per Cordoba's news release dated November 18, 2019, Cordoba will issue 91,372,536 common shares to JCHX through a private placement at a price of C$0.12 per share. Completion of the strategic equity investment is expected in January 2020.
Upon closing of the private placement, JCHX will own approximately 19.9% of Cordoba's issued and outstanding common shares, and High Power Exploration Inc. ("HPX") will remain Cordoba's majority shareholder and its ownership will reduce to approximately 60%.