On July 31, 2017, Cordoba Minerals Corp. completed its acquisition from High Power Exploration Inc. ("HPX") of its 51% interest in the San Matias Joint Venture through the acquisition of the shares of HPX Colombia Ventures Ltd., a wholly-owned subsidiary of HPX.
On July 11, 2017, Cordoba completed a bought deal private placement offering of subscription receipts. Each subscription receipt was sold at a price of $0.81, for aggregate gross proceeds of approximately $10 million. The subscription receipts were converted to units of Cordoba upon completion of the transaction with HPX.
Cassels Brock acted for Cordoba on both the acquisition of HPX Ventures Colombia Ltd. and the subscription receipt financing with a team that included Jay Goldman, Lindsay Clements and Jackson Phillips (Securities, Mining and M&A).