- Candente Copper Corp. (DNT) has arranged a bridge loan in the aggregate principal amount of $1 million
- The loan was from an arm’s length individual investor
- It was for a twelve-month term at 10 per cent to be repaid on maturity
- The bridge loan was organized to allow sufficient time to explore several financing options that have been presented to the company
- Candente Copper Corp is engaged in the acquisition, exploration, and development of mineral properties
- Candente Copper Corp. (DNT) ended yesterday’s trading unchanged at $0.175
Candente Copper Corp. (DNT) has arranged a $1 million bridge loan from an arm’s length individual investor.
The loan is for a twelve-month term at 10 per cent to be repaid on maturity.
The loan was organized to allow sufficient time to explore several financing options that have been presented to the company.
“Over the course of the next several weeks, Candente Copper and its advisors will assess and evaluate the financing offers received to date,” said Joanne Freeze, Company President and CEO.
“The results of the recently published preliminary economic assessment (PEA) have generated several financing options that will further allow for the de-risking of the Cañariaco Project in Peru by advancing engineering and environmental studies and further drilling, all of which will lead to a publication of a feasibility study,” she added.
Candente Copper Corp is a Canada-based company, engaged in the acquisition, exploration, and development of mineral properties in Peru, with its business operations in Peru and Canada.
The company’s flagship project is Cañariaco, within which Cañariaco Norte is the 10thlargest late-stage copper resource in the world and the 6th highest in grade according to RFC Ambrian, December 2021, and Haywood, December 2021.
In addition to Cañariaco Norte, the Cañariaco Project, includes the Cañariaco Sur deposit and Quebrada Verde prospect, all within a 4km NE-SW trend in northern Peru’s prolific mining district.
The company is pleased to now have Cañariaco Norte included in 4 research reports that compare various global copper projects. These include RFC Ambrian, Haywood, Deustche Bank, and Goldman Sachs.
Candente Copper Corp. (DNT) ended yesterday’s trading unchanged at $0.175.
