Cordoba Minerals Arranges US$10 Million Bridge Financing with JCHX

Core Viewpoint - Cordoba Minerals Corp. has arranged US$10 million in bridge financing through two loans from its joint venture partner JCHX Mining Management Co., Ltd. to support the advancement of the Alacran Copper-Gold-Silver Project in Colombia [7][8]. Group 1: Financial Arrangements - The bridge loans consist of two loans of US$5 million each, with a simple interest rate of 10% per annum for the first six months, increasing to 12% for the remaining months [3][7]. - The loans are payable on the earlier of 36 months after the loan agreements or the date the third installment of US$20 million becomes payable by JCHX under a strategic arrangement [3][4]. Group 2: Project Development - The purpose of the bridge loans is to ensure the continuation of mineral project advancements, including detailed engineering design work at the Alacran Project [8]. - The Alacran Project is positioned to become the next copper mine in Colombia, with ongoing support from JCHX [5]. Group 3: Regulatory and Compliance - The transactions are classified as "related party transactions" under Multilateral Instrument 61-101, exempting the company from obtaining a formal valuation and minority approval due to its listing on the TSX Venture Exchange [4]. - A material change report will be filed regarding these transactions, although it will be submitted less than 21 days prior to the closing, which aligns with market practices [4].