Cerrado Rights Offering

December 19 2018

Dear All,


Following the completion of our Micon Resource Report we are working to complete our major financing (Approximately $8 million) by the end of January.


In the interim we are going to complete a “pseudo” rights offering to our investors and friends for approx. $1 million in order to carry us through to the completion of the financing.


We are pricing the offering at US$0.45 which is the same price as our last offering and at a pre-market value of US$18 million (40 million shares outstanding) or at $22 per ounce, which is significantly below the comparables seen in the Cormark and Haywood Universe of $37-$44 per ounce (see attached & corporate presentation).


We are looking to close this offering by January 15th.


I would welcome everyone’s participation and would be happy to address any questions that you may have.

Link to the report