| Candente Copper Corp.: Non-Brokered Financing Announcement | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 2, 2015) - Candente Copper Corp. (DNT.TO)(DNT.TO)(OTC PINK:CCOXF) ("Candente Copper" and/or the "Company" ) is pleased to announce, subject to regulatory approval, that it has agreed to carry out a non-brokered private placement (the "Private Placement") to raise gross proceeds of approximately Cdn$500,000. The placement will consist of approximately 5,555,555 units (the "Units") at a price of $0.09 for gross proceeds of approximately $500,000 dollars. Each Unit will consist of one common share of stock and one half share purchase warrant. Each full warrant will be exercisable for one additional share of the Company's common stock for two years at a conversion price of $0.15. Shares will be subject to a mandatory 4 month hold period. The Private Placement is being offered to both accredited investors and existing shareholders of Candente Copper who, as of the close of business on February 25th, 2015, held common shares of the Company (and who continue to hold common shares of the Company at the time of closing) pursuant to the prospectus exemption set out in British Columbia Instrument 45-534 and in similar instruments in other provinces of Canada. If aggregate subscriptions for Shares under Private Placement exceed the maximum number of Shares to be sold, Candente Copper may increase the size of the Private Placement or subscriptions will otherwise be accepted on a "first-come, first-served" basis. Joanne Freeze, CEO and Director of the Company, and other directors are to subscribe for a portion of the Private Placement, which in total will be for less than 25% of Candente Copper's market capitalization. The Company is therefore relying 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. The net proceeds of the Private Placement will be used for general corporate purposes. About Candente Copper |
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Candente Copper Corp.
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EN DÉVELOPPEMENT |
CODE : DNT.TO |
ISIN : CA13739Y3041 |
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Candente Copper est une société développant des projet miniers de cuivre basée au Canada. Candente Copper est en développement de projets de cuivre, d'argent et d'or au Perou, et détient divers projets d'exploration au Perou. Son principal projet en développement est CAÑARIACO au Perou et ses principaux projets en exploration sont EL TIGRE, PAMEL, LAS SORPRESAS, LUNAHUANÁ, ALTO DORADO et PICOTA au Perou. Candente Copper est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 21,4 millions CA$ (17,1 millions US$, 15,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 21 janvier 2011 à 2,63 CA$, et son plus bas niveau récent le 03 avril 2020 à 0,02 CA$. Candente Copper possède 164 920 000 actions en circulation. |