Published: December 31, 2012
Press Release
Cardero Closes Non-Brokered Flow-Through Private Placement
Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU) (NYSE MKT:CDY) (NYSE Amex:CDY) (FRANKFURT:CR5) announces that it has closed its non-brokered flow-through private placement announced December 20, 2012.
Flow-through Private Placement Closed
On December 28, 2012, the Company closed the non-brokered private placement of flow-through common shares announced December 20, 2012 (the "FT Offering"). The Company issued 6,000,800 flow-through common shares at a price of $0.50 per share to raise gross proceeds of $3,000,400. All common shares issued in the FT Offering will have a hold period in Canada expiring on April 28, 2013. The Company paid aggregate finder's fees of $175,824.00 in cash plus 351,648 finder's warrants. Each finder's warrant is exercisable to purchase one non-flow-through common share at $0.55 per share until December 28, 2013.
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