Eco Oro Minerals Corp. announced completion of first tranche of private placement

Date Closed

January 13, 2020

Lead Office

Vancouver

Value

16.30 Million USD

On January 13th, 2020 Eco Oro Minerals Corp completed the first tranche of its private placement of up to US$20,000,000 of contingent value rights certificates. On completion of the First Tranche, the Company issued an aggregate of approximately US$16,258,889 of 2020 CVRs.The proceeds of the First Tranche will be used to repay all outstanding obligations owing by the Company to Trexs under its previously announced US$6,500,000 demand promissory note (the “Note”) and for general corporate purposes, including working capital needs.

Eco Oro Minerals Corp. is a precious metals exploration and development company. The Company operates projects throughout Colombia, with its focus on the Angostura gold-silver deposit.

McCarthy Tétrault LLP advised Eco Oro Minerals Corp. with a team led by Robin Mahood that included Barbara Wang and Maryanna Dinh.

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