Expected closing of Qualifying Transaction
with BB1 on February 19, 2021
Trading on TSXV under the symbol CERT expected
on or about February 25, 2021
Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - Cerrado Gold Inc. ("
Cerrado " or the "
Company ") is pleased to announce that it has successfully closed a private placement of C$15 million of subscription receipts (the "
Offering "). The closing of the Offering is a key step towards completion of the previously announced three-cornered amalgamation between the Company and BB1 Acquisition Corp. ("
BB1 ")
Transaction "). Upon completion of the Transaction, the combined entity (the "
Resulting Issuer ") will continue to carry on the business of Cerrado and the Transaction will constitute the "Qualifying Transaction" of BB1 as defined in TSX Venture Exchange ("