- Candente Copper (DNT) is announcing a C$1.1 million non-brokered private placement
- Subscribers include Fortescue Metals Group and The Lind Partners
- The company will use the proceeds to advance its Cañariaco Project
- Candente Copper is a mineral exploration company currently active in Peru
- Candente Copper (DNT) is up by 13.64 per cent and is currently trading at $0.125 per share
Candente Copper (DNT) is announcing a C$1.1 million non-brokered private placement.
The company will sell 8,800,000 common shares at $0.125 per share.
Subscribers include Nascent Exploration, a wholly-owned subsidiary of Australia’s Fortescue Metals Group, and Lind Global Fund II, an institutional investment fund managed by The Lind Partners.
The company will use the proceeds to advance its Cañariaco Project as well as for general corporate and working capital purposes.
The placement is expected to close later this week.
Joanne Freeze, Candente’s CEO, commented,
“We are very pleased to have both Fortescue and Lind supporting Candente Copper and the Cañariaco Project to unlock value for shareholders. Upon completion of the private placement, we will be well-financed to complete an updated preliminary economic assessment, which will better define opportunities with potential to lower initial capital expenditures, operational costs and enhance our environmental, social and governance practices as recently identified by Ausenco in their Desk Top Study. The financing will also allow us to advance our permitting for drilling and our community work.”
Candente Copper is a mineral exploration company currently active in Peru.
Candente Copper (DNT) is up by 13.64 per cent and is currently trading at $0.125 per share as of 2:43 pm ET.
