Cerro Mining Corp. (TSXV:CRX.H) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on March 30, 2020. Each unit will consist of one common share and one share purchase warrant and is exercisable for a period of one year at an exercise price of CAD 0.065 per share. All securities pursuant to the transaction are subject to a hold period of 4 months from the date of issue. The transaction is subject to the approval of NEX board of the TSX Venture Exchange and also either shareholder approval or the written consent of shareholders holding at least 50% of the outstanding shares of the Company. No finder’s fees or commissions are payable in connection with the transaction.