Candente Copper Closes Private Placement

Candente Copper Corp. (TSX:DNT,BVL:DNT) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $1,369,727.40. Candente will use net proceeds from the placement for ongoing environmental and social impact assessment activities as well as general corporate purposes.

As quoted in the press release:

Candente Copper has issued 9,131,516 units (the “Units”) at a price of $0.15 each. Each Unit is comprised of one common share of the Company and one half of a share purchase warrant, with each whole warrant (a “Warrant”) exercisable to purchase one additional common share of the Company at a price of $0.25 until May 22, 2016.

Click here to read the Candente Copper Corp. (TSX:DNT) press release