FSC / Press Release
Cuervo Closes Final Tranche of $500,000 CDN Private Placement of Common Shares
Toronto, Ontario CANADA, December 27, 2012 /FSC/ - Cuervo Resources Inc.
(CNSX-FE; FWB-CRR; "Cuervo" or the "Company"),is pleased to report that the
private placement of 1,000,000 common shares of the Company at an issue price of
$0.125 CDN per share for aggregate proceeds of $125,000 CDN has closed. This
closing is the second and final tranche of a private placement of 4,000,000
common shares for aggregate proceeds of $500,000 CDN. The first tranche closed
on December 20, 2012 with an issuance of 3,000,000 common shares for aggregate
proceeds of $375,000.
The private placement of the 1,000,000 common shares closed on December 27, 2012
and the shares issued are subject to a four-month hold period from the date of
Cuervo common shares are listed on the Canadian National Stock Exchange (CNSX)
and also trade on the Frankfurt Stock Exchange (FWB). Following the closing of
the second tranche of the private placement, there are 41,684,750 common shares
outstanding (63,409,750 shares on a fully diluted basis).
For further information, please contact Mr. Brian Berner, CEO and a Director of
the Company, at 416-203-3957 ext 201 or Mr. Tom Berner, Investor Relations, at
416-203-3957 ext 202. Additional information about Cuervo can be found at the
Company's website at www.cuervoresources.com.
The Canadian National Stock Exchange (CNSX Markets Inc.) has neither approved
nor disapproved of the contents of this press release.
Cuervo Resources Inc.
247 Major Street, Toronto, ON,
M5S 2L5 Canada
To view this press release as a web page click onto the link below:
Source: Cuervo Resources Inc. (FE - CNSX) (CRR - FWB)
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-0- Dec/27/2012 21:05 GMT
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