The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Candente Copper Completes Private Placement Raising $1.07M
Aug. 02, 2016 12:08PM PST
Base Metals Investing VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 2, 2016) – Candente Copper Corp. (TSX:DNT)(LMA:DNT) (“Company”) is pleased to report completion of its previously announced and oversubscribed non-brokered private placement (see Company’s News Releases No. 080, 081 and 082 dated July 11th, 12th, and 19th, 2016) (the “Private Placement”) raising $1,073,380. In closing, the Company has issued 11,370,844 …
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 2, 2016) – Candente Copper Corp. (TSX:DNT)(LMA:DNT) (“Company”) is pleased to report completion of its previously announced and oversubscribed non-brokered private placement (see Company’s News Releases No. 080, 081 and 082 dated July 11th, 12th, and 19th, 2016) (the “Private Placement”) raising $1,073,380.
In closing, the Company has issued 11,370,844 units (“Units”) at a price of $0.09 per Unit. Each Unit comprises 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, subject to an acceleration provision. If at any time after November 30th, 2016, the Company’s common shares have a closing price on the TSX Exchange at or above a price of $0.30 per share for a period of 10 consecutive trading days, the Company may give notice by News Release that expiration of the warrants will be accelerated to 40 days from the date of providing such notice. All shares will be subject to a four month hold period.
Joanne C. Freeze, CEO and Director; Paul H. Barry, Director; and John Black, Director; collectively subscribed for a total of 1,111,111 Units.
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 $38,615 were paid with respect to the Private Placement.
Approximately $400,000 of the Private Placement gross proceeds are to be used to further define drill targets on the Cañariaco Sur Cu-Au deposit and Quebrada Verde Cu-Au target and approximately $600,000 will be used for working capital and general corporate purposes.
On behalf of the Board of Candente Copper Corp.
Joanne C. Freeze P.Geo., CEO, Director
NR-083
In closing, the Company has issued 11,370,844 units (“Units”) at a price of $0.09 per Unit. Each Unit comprises 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, subject to an acceleration provision. If at any time after November 30th, 2016, the Company’s common shares have a closing price on the TSX Exchange at or above a price of $0.30 per share for a period of 10 consecutive trading days, the Company may give notice by News Release that expiration of the warrants will be accelerated to 40 days from the date of providing such notice. All shares will be subject to a four month hold period.
Joanne C. Freeze, CEO and Director; Paul H. Barry, Director; and John Black, Director; collectively subscribed for a total of 1,111,111 Units.
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 $38,615 were paid with respect to the Private Placement.
Approximately $400,000 of the Private Placement gross proceeds are to be used to further define drill targets on the Cañariaco Sur Cu-Au deposit and Quebrada Verde Cu-Au target and approximately $600,000 will be used for working capital and general corporate purposes.
On behalf of the Board of Candente Copper Corp.
Joanne C. Freeze P.Geo., CEO, Director
NR-083
Candente Copper Corp.
info@candentecopper.com
www.candentecopper.comWalter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
info@candentecopper.com
www.candentecopper.comWalter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.