PRESS RELEASE

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

 

Best,
MB

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CONTACT US:

110 Yonge St., Suite 501

Toronto ON, M5C 1T4

info@cerradogold.com

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