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Source: Candelaria Mining Corp.
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  • Candelaria Mining (CAND) has closed the final tranche of its non-brokered private placement for gross proceeds of $511,648
  • Combined with the first tranche, the company issued 18,759,491 units for total proceeds of $8,441,770
  • Candelaria Mining Corp is a precious metals-focused exploration and mining company
  • Candelaria Mining Corp. (CAND) opened trading at C$0.44 per share

Candelaria Mining (CAND) has closed the final tranche of its non-brokered private placement for gross proceeds of $511,648.

The company issued 1,136,997 units at a price of $0.45 per unit. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole purchase warrant entitles the holder to acquire one common share at a price of $0.65 for a period of 36 months following the closing of the offering.

Gross proceeds raised from the final tranche of the offering will be used for general corporate purposes.

Combined with the first tranche, which closed on September 22, the total proceeds raised was $8,441,770, with a total issuance of 18,759,491 units.

The final offering is subject to the receipt of all necessary regulatory approvals.

Candelaria Mining Corp is a precious metals-focused exploration and mining company.

Candelaria Mining Corp. (CAND) opened trading at C$0.44 per share.

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