Cordoba entices Friedland’s HPX into exploring Colombia

VANCOUVER — It’s been over a year since Mario Stifano, president and CEO of Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) shared an elevator with international financer Robert Friedland and sparked the billionaire’s interest in the San Matias project in northern Colombia.

"It was literally an elevator pitch," Stifano recalls of the chance encounter during a phone interview with The Northern Miner. "I had 31 floors to tell him about the project … and by the time we reached the top … he loved it."

The duo finally sealed the deal in early May with the announcement that Friedland’s private exploration vehicle High Power Exploration (HPX) will be entering into a strategic partnership with Cordoba.

HPX will buy 7.3 million units at 14¢ per unit for total proceeds to Cordoba of $1 million. Each unit consists of a share plus a three-year warrant allowing the holder to buy another share for 20¢. If fully exercised, the warrants would bring in another $1.46 million to Cordoba.

Read the complete article at NorthernMiner.com/news/cordoba