Cerrado Gold Closes Private Placement of C$15 Million
Expected closing of Qualifying Transaction with BB1 on February 19, 2021Trading on TSXV under the symbol CERT expected on or about February 25, 2021Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - Cerrado Gold Inc. ("Cerrado" or the "Company") is pleased to announce that it has successfully closed a private placement of C$15 million of subscription receipts (the "Offering"). The closing of the Offering is a key step towards completion of the previously announced three-corne
2021-02-17 4:31 PM EST
BB1 Acquisition Corp. and Cerrado Gold Inc. Announce Closing of Brokered Subscription Receipt Financing for Gross Proceeds of $15M in Connection with Qualifying Transaction
Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - BB1 Acquisition Corp. (TSXV: BBA.P) (the "Company" or "BB1") and Cerrado Gold Inc. ("Cerrado") are pleased to announce that the Company and Cerrado have completed the brokered private placement of subscription receipts ("Subscription Receipts") led by Cormark Securities Inc. and Haywood Securities Inc. as the co-lead agents (the "Co-Lead Agents"), and including Stifel Nicolaus Canada Inc. and H.C. Wainwright & Co., LLC (together with...
2021-02-17 9:57 AM EST
BB1 Acquisition Corp. and Cerrado Gold Inc. Announce Update to Brokered Private Placement in Connection with Qualifying Transaction with Cerrado Gold Inc.
Toronto, Ontario--(Newsfile Corp. - February 16, 2021) - BB1 Acquisition Corp. (TSXV: BBA.P) ("BB1" or the "Corporation") and Cerrado Gold Inc. ("Cerrado") jointly announce that further to the news releases issued on August 4, 2020 and November 3, 2020, Cerrado has amended the terms of the subscription receipt financing the ("Amended Subscription Receipt Financing") to be completed in connection with the "Qualifying Transaction". In connection with the Amended Subscription Receipt Financing,...
2021-02-16 6:30 AM EST
Cerrado Gold Commences 12,000 Metre Drill Program at the Minera Don Nicolas Gold Project in Santa Cruz Province, Argentina
Toronto, Ontario--(Newsfile Corp. - February 1, 2021) - CERRADO GOLD ("Cerrado" or the "Company") is pleased to announce the commencement of its 2021 exploration drill program at the Minera Don Nicolás Project ("Minera Don Nicolás" or the "MDN Project") located in Santa Cruz province, Argentina. The new drill program is expected to consist of approximately 12,000 metres of core drilling and supporting assay work to build upon the current resources outlined at the MDN Project. Cerrado expects...
2021-02-01 6:30 AM EST
Cerrado Gold Closes the Acquisition of Minera Mariana Argentina S.A.
Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - CERRADO GOLD ("Cerrado" or the "Company") is pleased to announce that further to its press release dated October 28, 2020, it has completed the Share Purchase Agreement with Capella Minerals Ltd. to acquire 100% of its Argentine subsidiary Minera Mariana Argentina S.A ("Minera Mariana") (the "Transaction"). The principal assets owned by Minera Mariana include the Las Calandrias and Los Cisnes projects (together the "Projects"). The...
2021-01-25 6:30 AM EST
Cerrado Gold Reports Additional Strong Gold Intersections at Its Monte Do Carmo Project in Brazil
Toronto, Ontario--(Newsfile Corp. - January 14, 2021) - Cerrado Gold Inc. ("Cerrado" or the "Company") is very pleased to announce drill results from six (6) drill holes from its ongoing 17,000-metre definition drilling program at the Serra Alta deposit, at its Monte do Carmo ("MDC") Project located in Tocantins State, Brazil. The drill results highlighted in this release are from drill holes FSA93 thru 98, with more drill results to be announced as assays are made available...
2021-01-14 6:30 AM EST
Cerrado Gold Intersects 105 Metres Grading 3.5 Grams Gold per Tonne and Includes 27 Metres at 10.9 Grams and 1 Metre of 218 Grams at Its Monte Do Carmo Project in Brazil
Toronto, Ontario--(Newsfile Corp. - December 16, 2020) - Cerrado Gold Inc. ("Cerrado" or the "Company") is very pleased to announce initial drill results from its ongoing 17,000-metre definition drilling program at the Serra Alta deposit, at its Monte do Carmo ("MDC") Project located in Tocantins State, Brazil. The initial drill results highlighted in this release are from the first drill hole, FSA-94, with more results to be announced as assays are made available over the next...
2020-12-16 6:00 AM EST
Cerrado Gold Appoints Dr. Jon Gilligan and Mr. David Ball to Its Board of Directors
Toronto, Ontario--(Newsfile Corp. - November 5, 2020) - Cerrado Gold Inc. ("Cerrado" or the "Company") is pleased to announce the appointments of Dr. Jonathan Gilligan and Mr. David Ball to the Company's Board of Directors.Dr. Gilligan is currently Vice President, Automated Mine Design at Torex Gold Resources Inc., a mid-tier gold producer with assets in Mexico. He previously held senior technical and operating roles with SSR Mining and prior to that, multiple executive positions with BHP....
2020-11-05 6:30 AM EST
BB1 Acquisition Corp. and Cerrado Gold Inc. Announce Brokered Private Placement of up to C$25 Million
Toronto, Ontario--(Newsfile Corp. - November 3, 2020) - BB1 Acquisition Corp. (TSXV: BBA) ("BB1" or the "Company") and Cerrado Gold Inc. ("Cerrado Gold") jointly announce that, in connection with the "Qualifying Transaction" of BB1 previously announced on August 4, 2020, Cerrado Gold has entered into an agreement with a syndicate of agents co-led by Stifel GMP, Cormark Securities Inc. and Haywood Securities Inc. (collectively the "Lead Agents"), and including Canaccord Genuity Corp, Red Cloud...
2020-11-03 6:30 AM EST
Cerrado Gold Enters into Binding Agreement to Acquire Minera Mariana Argentina S.A. from New Dimension Resources Ltd.
Toronto, Ontario--(Newsfile Corp. - October 28, 2020) - CERRADO GOLD ("Cerrado" or the "Company") is pleased to announce it has entered into a Binding Letter of Intent ("LOI") with New Dimension Resources Ltd. ("New Dimension") to acquire 100% of its Argentine subsidiary Minera Mariana Argentina S.A ("Minera Mariana") (the "Transaction"). The Transaction is expected to close on or around November 30, 2020.Acquisition HighlightsNew Dimension has outlined National Instrument (NI) 43-101...
2020-10-28 6:30 AM EDT
Cerrado Gold Inc. Files Independent Technical Report for the Updated Mineral Resource Estimate at Its Minera Don Nicolas Gold Project in Santa Cruz Province, Argentina
Ounces AgToronto, Ontario--(Newsfile Corp. - October 20, 2020) - Cerrado Gold Inc. ("Cerrado" or the "Company") is pleased to announce the filing of a final draft technical report entitled, "Independent Technical Report for the Minera Don Nicolás ("MDN") Gold Project, Santa Cruz, Argentina", supporting the updated mineral resource estimate, and the first resource update since 2012 at the Minera Don...
2020-10-20 6:30 AM EDT
Cerrado Gold Commences 2020 Drill Program at Its Monte do Carmo Gold Project in Tocantins State, Brazil
Toronto, Ontario--(Newsfile Corp. - October 15, 2020) - CERRADO GOLD ("Cerrado" or the "Company") is pleased to announce the commencement of its 2020 exploration program at the Serra Alta Gold deposit ("Serra Alta") at its Monte do Carmo Project ("Monte do Carmo" or the "Project") located in Tocantins State, Brazil. This program follows the success of the 2018 drill program which resulted in a maiden National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101")...
2020-10-15 6:30 AM EDT
Cerrado Gold Reports After Tax NPV8% of US$377 Million and IRR of 76% in Its Preliminary Economic Assessment for the Serra Alta Deposit at Its Monte Do Carmo Gold Project in Tocantins State, Brazil
Long-Term Gold Price US$1,5507 Year annual production targeted at approx. 103,000 ounces goldInitial Capex US$110 million (including US$25 million contingency)Total after tax free cash flow estimated US$78 million per annum (Cumulative US$548 million) Average Cash Costs of US$480.95/oz; Avg AISC US$498/ozPotential to be amongst lowest 10% of AISC cost mines in the worldUpside potential from continued drilling & resource expansion PEA Summary Results
2020-10-14 6:30 AM EDT
Cerrado Gold Engages GoldSpot at Its Minera Don Nicholas Mine in Argentina
GoldSpot to augment Cerrado's internal resources to use its geoscience and machine science expertise to clean, unify and analyze exploration data to target explorationToronto, Ontario--(Newsfile Corp. - September 16, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") has been engaged by Cerrado Gold Inc. ("Cerrado") to apply machine learning and its proprietary data science expertise to identify new exploration targets on Cerrado's Minera Don Nicolas (MDN) project,...
2020-09-16 9:44 AM EDT
Cerrado Gold Completes the Acquisition of Minera Don Nicolas SA and Its Operating Mine Located in the Prolific Deseado Massif Region, Santa Cruz, Argentina
Conference call Thursday March 19 at 11:00am EDTAcquisition adds immediate, profitable, gold production to CompanyProperty encompasses over 272,000 hectares and is located within the highly prolific Deseado Massif region, Santa Cruz Province, home to several multi-million ounce deposits including Cerro Vanguardia (Anglo Gold Ashanti) Cerro Negro (Newmont GoldCorp) and Cerro Morro (Yamana)Projected gold production of over 50,000 ounces per year at an AISC of less than $1,000/oz over at least...
2020-03-17 6:00 AM EDT