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Bullboard - Stock Discussion Forum Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on projects in the Americas. The Company is the 100% owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina and is the 100% owner of the Mont Sorcier Iron Ore Project in Quebec, Canada. In Canada, it holds a 100% interest in the Mont Sorcier Iron... see more

TSXV:CERT - Post Discussion

Cerrado Gold Inc > Agreement for US$10 M.Equalization Stream Financing V.CERT
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Post by Betteryear2 on Mar 02, 2023 9:07pm

Agreement for US$10 M.Equalization Stream Financing V.CERT

TORONTO, ON / ACCESSWIRE / March 2, 2023 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF)("Cerrado" or the "Company") is pleased to announce that it has entered into an amended and restated metals purchase and sale agreement (the "Agreement") with Sprott Private Resource Streaming and Royalty (B) Corp. ("Sprott"), to include the concessions acquired by the Company in its acquisition of Minera Mariana Argentina S.A. in 2020 (see the Company's news release dated October 28, 2020), broadening the stream area including, most notably, production from the Las Calandrias heap leach project where production is expected to commence in Q2/23. The Agreement also provides Cerrado with an additional US$10 million in funding in the form of an additional deposit (the "Deposit") against future production. Substantially all other terms of the Agreement are materially unchanged.

Cerrado Gold Enters Into Agreement for US$10 Million Equalization Stream Financing at Its Minera Don Nicols Mine in Argentina (accesswire.com)
Comment by Brioche on Mar 03, 2023 5:38am
Sad news , as i feared , sprout is silenciously taking over cert ... now 30koz ... If within 2/3 months we learn mdc is financed by the wolf ....cert will be toasted ....at least the small shareholders .  The gangrene is here . For long . 
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