Cardero Secures 49.5% Interest in Coalhunter Mining Corporation Through Participation in Equity Financing

Cardero Resource Corp. (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announced that it has acquired approximately 49.5% of the common shares of Coalhunter Mining Corporation through a private placement.

The press release is quoted as saying:

Under the terms of the subscription agreement between Coalhunter and Cardero, Cardero has acquired 12 million common shares of Coalhunter at a price of CAD 0.30 per share for a total investment of CAD 3,600,000. Through participation in this financing, Cardero has acquired a 49.57% interest in Coalhunter.

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