By Laura Lutz
Des Moines, May 25 - Candente Resource Corp. set pricing for its previously announced C$9 million private placement of shares and for an additional C$6 million private placement.
Both offerings will consist of common shares at C$1.30 each.
The C$9 million placement will not include units, although it was expected to when the deal was announced on May 14.
Both placements are part of a larger global offering of common shares. The size of the larger deal is capped at 25% of Candente's issued shares immediately before closing.
A syndicate led by Westwind Partners Inc. and including Raymond James Ltd. will act as agents for the C$9 million deal.
Credibolsa SAB SA, Candente's sponsor in Peru, will act as agent for the C$6 million offering.
Proceeds will be used for exploration and development and for general corporate purposes.
Settlement of the global offering is expected on June 7.
Candente is a copper and gold exploration company based in Vancouver, B.C.
C$9 million offering
| Issuer: | Candente Resource Corp.
|
| Issue: | Shares
|
| Amount: | C$9 million
|
| Price: | C$1.30
|
| Warrants: | No
|
| Agents: | Westwind Partners Inc. (lead), Raymond James Ltd.
|
| Announcement date: | May 14
|
| Pricing date: | May 25
|
| Stock symbol: | Toronto: DNT
|
| Stock price: | C$1.38 at close May 24
|
|
|
| C$6 million offering
|
| Issuer: | Candente Resource Corp.
|
| Issue: | Shares
|
| Amount: | C$6 million
|
| Price: | C$1.30
|
| Warrants: | No
|
| Agents: | Credibolsa SAB SA
|
| Pricing date: | May 25
|
| Stock symbol: | Toronto: DNT
|
| Stock price: | C$1.38 at close May 24
|
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