300750 Contemporary Amperex Technology (A)

DGAP-News: HPX announces that JCHX will become a 19.9% shareholder in Cordoba Minerals

DGAP-News: High Power Exploration Inc. / Key word(s): Miscellaneous
HPX announces that JCHX will become a 19.9% shareholder in Cordoba Minerals
18.11.2019 / 13:35
The issuer is solely responsible for the content of this announcement.


Vancouver, British Columbia--(Newsfile Corp. - November 18, 2019) - Eric Finlayson, President of High Power Exploration Inc. ("HPX"), announced today that JCHX Mining Management Co., Ltd. ("JCHX") will acquire a 19.9% interest in Cordoba Minerals for C$11 million, with proceeds to be used to advance Cordoba's San Matias Copper-Gold-Silver Project in Colombia.

For full details of the investment, refer to Cordoba's November 18, 2019 news release: .

Mr. Finlayson said: "I am delighted that JCHX has joined HPX as a key shareholder in Cordoba. JCHX has renowned global experience in mine development and construction and we are very pleased to have them as a co-investor on the San Matias Project in Colombia. We are looking forward to advancing San Matias with a view to delivering Colombia's next major copper-gold mine."

Upon completion of the strategic investment by JCHX, HPX's ownership of Cordoba will reduce to approximately 60% from the current 75%.

About HPX

HPX is a privately-owned, U.S.-domiciled mineral exploration and development company with an operating office in Vancouver, Canada. HPX has a highly experienced board and management team led by Chairman and Chief Executive Officer Robert Friedland; Co-Chairman Egizio Bianchini, former Co-Head of the BMO Global Metals & Mining Group and Vice Chairman of BMO Capital Markets; President Eric Finlayson, a former head of exploration at Rio Tinto; and Vice President of Exploration Charles Forster, co-discoverer of the giant Oyu Tolgoi copper-gold mine in Mongolia. For further information, please visit .

Information contact

Evan Young
Phone: +1.416.545.5371

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News Source: Newsfile


18.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: High Power Exploration Inc.
Canada
EQS News ID: 915483

 
End of News DGAP News Service

915483  18.11.2019 

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18/11/2019

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