Source: Candelaria Mining Corp.
  • Candelaria Mining (CAND) will not be proceeding with its previously announced brokered private placement
  • The company is currently considering alternate forms of funding
  • Candelaria Mining Corp. is a Canadian-based gold exploration and resource development company
  • Along with restarting production at its Pinos project, Candelaria is advancing its flagship licence area, Caballo Blanco
  • Candelaria Mining Corp. (CAND) is down 3.92 per cent, trading at C$0.49 per share at 4:15 pm ET

Candelaria Mining (CAND) will not be proceeding with its previously announced brokered private placement.

The company is currently considering alternate forms of funding.

Candelaria Mining Corp. is a Canadian-based gold exploration and resource development company, soon to become a producer, with major exploration upside in a portfolio of projects in Mexico, one of the world’s best mining jurisdictions.

Along with restarting production at its Pinos project, Candelaria is advancing its flagship licence area, Caballo Blanco, through an aggressive exploration program and then technical studies with the goal of bringing a suite of high-value projects into production.

Candelaria Mining Corp. (CAND) is down 3.92 per cent, trading at C$0.49 per share at 4:15 pm ET.

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