Candente Copper Corp.: Non-Brokered Financing Announcement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/02/15 -- Candente Copper Corp. (TSX: DNT)(LMA: DNT)(OTC PINK: CCOXF) ("Candente Copper" and/or the "Company" ) is pleased to announce, subject to regulatory approval, that it has agreed to carry out a non-brokered private placement (the "Private Placement") to raise gross proceeds of approximately Cdn$500,000.
The placement will consist of approximately 5,555,555 units (the "Units") at a price of $0.09 for gross proceeds of approximately $500,000 dollars. Each Unit will consist of one common share of stock and one half share purchase warrant. Each full warrant will be exercisable for one additional share of the Company's common stock for two years at a conversion price of $0.15. Shares will be subject to a mandatory 4 month hold period.
The Private Placement is being offered to both accredited investors and existing shareholders of Candente Copper who, as of the close of business on February 25th, 2015, held common shares of the Company (and who continue to hold common shares of the Company at the time of closing) pursuant to the prospectus exemption set out in British Columbia Instrument 45-534 and in similar instruments in other provinces of Canada. If aggregate subscriptions for Shares under Private Placement exceed the maximum number of Shares to be sold, Candente Copper may increase the size of the Private Placement or subscriptions will otherwise be accepted on a "first-come, first-served" basis.
Joanne Freeze, CEO and Director of the Company, and other directors are to subscribe for a portion of the Private Placement, which in total will be for less than 25% of Candente Copper's market capitalization. The Company is therefore relying upon exemptions from the valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.
The net proceeds of the Private Placement will be used for general corporate purposes.
About Candente Copper
Candente Copper is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on its 100% owned Canariaco project, which includes the Feasibility stage Canariaco Norte deposit as well as the Canariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.
On behalf of the Board of Candente Copper Corp.
Joanne C. Freeze, P.Geo.
CEO, Director
NR-067
Contacts:
Walter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
Nataly Reategui
Investor Relations, Peru
tel.: (511) 715-2001 ext 107
Candente Copper
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Datum: 02.03.2015 - 21:46 Uhr
Sprache: Deutsch
News-ID 375492
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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