By Laura Lutz
Des Moines, Nov. 22 - Candente Resource Corp. arranged a private placement of units for C$3.75 million.
The company sold 3 million units of one share and one half-share warrant at C$1.25 per unit. Each whole warrant will be exercisable at C$1.65 for one year.
Proceeds of the non-brokered placement will be used for exploration and development on the company's properties and for general corporate purposes.
Candente is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Candente Resource Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3.75 million
|
| Units: | 3 million
|
| Price: | C$1.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.65
|
| Agent: | Non-brokered
|
| Stock symbol: | Toronto: DNT
|
| Stock price: | C$1.25 at close Nov. 22
|
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