01:55:50 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Candente Gold Corp
Symbol CDG
Shares Issued 62,219,760
Close 2013-12-16 C$ 0.07
Market Cap C$ 4,355,383
Recent Sedar Documents

Candente Gold arranges $500,000 private placement

2013-12-17 06:27 ET - News Release

Ms. Joanne Freeze reports

CANDENTE GOLD CORP.: NON-BROKERED FINANCING ANNOUNCEMENT

Candente Gold Corp., subject to regulatory approval, has agreed to carry out a non-brokered private placement of approximately 10 million common shares at a price of five cents per common share to raise gross proceeds of up to $500,000.

Joanne Freeze, president and chief executive officer of the company, is to subscribe for $100,000 of the private placement. As a result of Ms. Freeze's participation in the private placement, and assuming the total of the offering is 10 million common shares, the percentage of common shares which she beneficially owns would increase from 1.21 per cent to 3.81 per cent (2.38 per cent to 4.79 per cent on a partially diluted basis, assuming the exercise of options). The company is relying upon the valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions as a result of Ms. Freeze's subscription being less than 25 per cent of Candente Gold's market capitalization.

All common shares issued pursuant to the private placement will be subject a four-month hold period. The company may pay a finder's fee in connection with the private placement.

The net proceeds of the private placement will be used for financing evaluations of the company's El Oro tailings project, including metallurgical testwork, and for general corporate purposes.

We seek Safe Harbor.

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