Source: Candelaria Mining Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

More From The Market Herald
VR Resources - CEO, Dr. Michael Gunning.

" VR (TSXV:VRR) intersects more critical mineralization

VR Resources (VRR) has discovered another high-grade zone of critical metals mineralization at its Hecla-Kilmer Property in Ontario.

" U3O8 Corp. (TSX:UWE) appoints new board chairman and CEO

U3O8 Corp. (UWE) announced that Dr. Richard Spencer has transitioned from President and Chief Executive Officer to Chairman of the Board.

" Gratomic (TSXV:GRAT) unveils graphite deposit extension in Brazil

Gratomic (GRAT) has a trenching program underway on its Capim Gross Project in Brazil.
The Market Herald Video

" Tocvan Ventures (CSE:TOC) announces latest drill results from Pilar

Tocvan Ventures Corp. (TOC) has completed the latest stage of drilling at its Pilar Au-Ag Project in Sonora, Mexico.