Share this article CSE: CDPR MONTRÉAL, April 27, 2021 /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) ("CDPR" or the "Company") is pleased to announce that it has closed a second tranche of its previously announced non-brokered private placement offering (the " Offering"). In connection with the closing of the initial tranche, the Company issued 3,022,128 units (each, a " Unit") at a price of $0.35 per Unit for gross proceeds of $1,057,745. Each unit consists of one common share of the Company (each, a " Share") and one-half of one common share purchase warrant (each full warrant, a " Warrant"). Each Warrant entitles the holder to purchase an additional common share at a price of $0.50 for a period of 24 months from the date of issuance. The net proceeds of the Offering will be used for general working capital purposes and for the advancement of the Quiulacocha tailings retreatment project in Peru.