| Candente Copper Raises $500,000 in First Tranche of Non-Brokered Private Placement | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 23, 2015) - Candente Copper Corp. (DNT.TO)(DNT.TO)(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 $0.15 per share until March 20th, 2017. |
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Candente Copper Corp.
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DEVELOPMENT STAGE |
CODE : DNT.TO |
ISIN : CA13739Y3041 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Candente Copper is a copper development stage company based in Canada. Candente Copper develops copper, gold and silver in Peru, and holds various exploration projects in Peru. Its main asset in development is CAÑARIACO in Peru and its main exploration properties are EL TIGRE, PAMEL, LAS SORPRESAS, LUNAHUANÁ, ALTO DORADO and PICOTA in Peru. Candente Copper is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 21.4 millions as of today (US$ 17.1 millions, € 15.9 millions). Its stock quote reached its highest recent level on January 21, 2011 at CA$ 2.63, and its lowest recent point on April 03, 2020 at CA$ 0.02. Candente Copper has 164 920 000 shares outstanding. |