TORONTO, ONTARIO--(Marketwired - June 29, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB) (OTCQX:CDBMF) ("Cordoba" or the "Company") announced today that it has received the conditional approval of the TSX Venture Exchange ("TSXV") of the previously announced proposed transaction with its joint venture partner, High Power Exploration Inc. ("HPX"), whereby Cordoba will acquire (the "Transaction") HPX's 51% interest in the San Matias Joint Venture through the acquisition of HPX Colombia Ventures Ltd., a wholly-owned subsidiary of HPX, for consideration of 92,681,290 Cordoba common shares. Details of the Transaction can be found in the June 13, 2017 news release.
The Transaction is scheduled to close shortly after the annual and special meeting of Cordoba shareholders in July, where the Company will seek minority shareholder approval of the Transaction, including the issuance of the Cordoba common shares and units in connection with the Transaction. The Transaction also remains subject to final TSXV approval.
The temporary trading halt in connection with the Transaction is expected to be lifted at the start of trading on June 30, 2017.
About High Power Exploration (HPX):
HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com.
