Cuervo Resources Closes Final Tranche of $500,000 CDN Private Placement of Common Shares
27.12.2012 | FSCwire
Toronto, December 27, 2012 - Cuervo Resources Inc. (CNSX-FE; FWB-CRR; "Cuervo" or the "Company"), is pleased to report that the private placement of 1,000,000 common shares of the Company at an issue price of $0.125 CDN per share for aggregate proceeds of $125,000 CDN has closed. This closing is the second and final tranche of a private placement of 4,000,000 common shares for aggregate proceeds of $500,000 CDN. The first tranche closed on December 20, 2012 with an issuance of 3,000,000 common shares for aggregate proceeds of $375,000.The private placement of the 1,000,000 common shares closed on December 27, 2012 and the shares issued are subject to a four-month hold period from the date of issue.
Cuervo common shares are listed on the Canadian National Stock Exchange (CNSX) and also trade on the Frankfurt Stock Exchange (FWB). Following the closing of the second tranche of the private placement, there are 41,684,750 common shares outstanding (63,409,750 shares on a fully diluted basis).
For further information, please contact Mr. Brian Berner, CEO and a Director of the Company, at 416-203-3957 ext 201 or Mr. Tom Berner, Investor Relations, at 416-203-3957 ext 202. Additional information about Cuervo can be found at the Company's website at www.cuervoresources.com.
The Canadian National Stock Exchange (CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Cuervo Resources Inc.
247 Major Street, Toronto, ON,
M5S 2L5 Canada