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

- June 22nd, 2010

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.

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.

Click here to access the entire press release

Click here to access Cardero Resource Corp. Corporate Site

Get the latest Coal Investing stock information

Get the latest information about companies associated with Coal Investing Delivered directly to your inbox.

Coal Investing

Leave a Reply