Company raises funds for environmental impact, metallurgical studies
By Toni Weeks
San Luis Obispo, Calif., May 23 - Candente Copper Corp. said it raised C$1.37 million in a non-brokered private placement of units. The deal priced on May 1 for C$1 million and was upsized to C$1.25 million on May 14.
The company sold 9,131,516 units of one common share and one half-share warrant at C$0.15 apiece. Each whole warrant is exercisable at C$0.25 for two years. The strike price is a 38.89% premium to C$0.18, the April 30 closing share price.
President and chief executive officer Joanne Freeze and president Sean Waller will participate.
Proceeds will be used for environmental and social impact assessment activities, metallurgical studies and general corporate purposes.
Based in Vancouver, B.C., Candente is a copper exploration company.
| Issuer: | Candente Copper Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,369,727.40
|
| Units: | 9,131,516
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Investors: | Joanne Freeze, Sean Waller
|
| Pricing date: | May 1
|
| Upsized: | May 14
|
| Settlement date: | May 23
|
| Stock symbol: | Toronto: DNT
|
| Stock price: | C$0.18 at close April 30
|
| Market capitalization: | C$24.84 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
