Candente Copper Raises $500,000 in First Tranche of Non-Brokered Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/23/15 -- Candente Copper Corp. (TSX: DNT)(LMA: DNT)(OTC PINK: CCOXF) ("Candente Copper" and/or the "Company") is pleased to report that it has completed the first tranche of its previously announced (see the Company's News Release No. 67 dated March 2nd, 2015) non-brokered private placement (the "Private Placement") raising $500,000.
Further to News Release No. 68 (dated March 19th, 2015), the private placement is additionally over-subscribed and has therefor been increased to approximately $700,000. A second tranche will be completed once all additional subscriptions are completed.
Joanne C. Freeze, CEO; Sean Waller, President; Paul H. Barry, Director; John Black, Director; and Faisel Hussein, EVP and Acting CFO, collectively subscribed for a total of 1,865,331 shares.
In closing the first tranche the Company has issued 5,555,553 units (the "Units") at a price of $0.09 per Unit. Each Unit is comprised of one common share of the Company and one-half of a share purchase warrant, with each whole share purchase warrant being exercisable for 2 years to purchase an additional common share at a price of $0.15 per share. All shares will be subject to a four month hold period.
The Company has relied 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.
Finder's fees totalling $19,328.40 were paid with respect to a portion of the first tranche of the Private Placement along with the issuance of 214,760 finder's warrants exercisable for two years to purchase a common share of the Company at a price of $0.15 per share until March 20th, 2017.
Net proceeds of the Private Placement will be used for general corporate purposes and community initiatives on the Canariaco Project in Northern Peru.
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-069
Contacts:
Candente Copper Corp.
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
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 380310
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 207 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Candente Copper Raises $500,000 in First Tranche of Non-Brokered Private Placement"
steht unter der journalistisch-redaktionellen Verantwortung von
Candente Copper Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
