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-Cardero Announces Loan Agreements and Closes First Tranche of Private Placement

Nov 20, 2018 - ENP Newswire

Vancouver - Cardero Resource Corp. ('Cardero' or the 'Company') (TSXV: CDU, Frankfurt: CR5, OTCBB: CDYCF) is pleased to announce that it has entered into a facility agreement with E.L. II Properties Trust, Robert C. Kopple trustee (the 'Lender') for an unsecured credit facility of US$ 630,000 (the 'Facility') to be advanced in five equal installments of US$ 126,000 at the end of each month until fully advanced.

An initial US$ 126,000 has already been advanced.

The Facility is due on ...