Cerro de Pasco Resources Inc. announced a private placement of 1,027,500 units at a price of CAD 0.10 per unit for proceeds of CAD 102,750 on June 23, 2023. Each unit consists of one common share and one warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.25 with an expiry date of two years.

In connection with the Offering, the Corporation paid finder?s fees in an amount of $1,400 and issued 14,000 broker warrants.