Cardero Resource Corp. (TSXV:CDU) announced non-brokered private placement of 6,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 300,000 on March 2, 2021. Each unit consists of one common share and one share purchase warrant exercisable at CAD 0.10 per share for 18 months from issuance. The transaction is subject to approval of TSX Venture Exchange. Insiders may participate and finders' fees may be payable on all or a portion of the transaction.