Cornerstone Capital Resources Inc. (TSX-V:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announces that since April 30, 2021, holders of warrants to purchase common shares of the Company at an exercise price of $2.00 per warrant have exercised an aggregate 2,400,000 Warrants, resulting in aggregate proceeds to the Company of C$4,800,000 and the issuance of 2,400,000 common shares. The Warrants were issued in connection with a May 2016 financing of the Company and expire on May 12, 2021. The Company expects 166,576 Warrants will expire unexercised.
About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 20.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.86% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.
PLANS FOLLOW UP DRILLING ON EXTENSIVE HIGH-GRADE COPPER-GOLD TARG... READ MORE
Karora Resources Inc. (TSX: KRR) announced financial and operatin... READ MORE
OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) is pleased to an... READ MORE
G2 Goldfields Inc. (TSX: GTWO) (OTCQX: GUYGF) is pleased to provi... READ MORE
Cantex Mine Development Corp. (TSX-V: CD) (OTCQB: CTXDF) provides... READ MORE