OTC Markets Group Inc., operator of financial markets for over 11,000 U.S. and global securities, today announced Candelaria Mining Corp., a Canadian-based gold development and exploration company, has qualified to trade on the OTCQX® Best Market. Candelaria Mining upgraded to OTCQX from the Pink® market. [Candelaria Mining Corp. begins trading today on OTCQX under the symbol "CDELF." U.S. investors can find current [...]
Candelaria Mining is pleased to announce approval of its application for an upgrade to the OTCQX Best Market. The Company will commence trading on the OTCQX at market open on November 5, 2021, remaining under the symbol "CDELF". Previously, the Company's U.S. share trading was on OTC Pink. The OTCQX provides value and convenience to U.S. investors, brokers and institutions seeking to trade CDELF. The OTCQX is OTC Markets [...]
Candelaria Miningis pleased to announce that, further to its press release of September 22, 2021, it has closed its second and final tranche of its non-brokered private placement for a gross proceeds of $511,648 through the issuance of 1,136,997 units of the Company at a price of $0.45 per Unit. Each Unit will consist of one common share of the Company and one-half of a common share purchase warrant , with each full [...]
Candelaria Mining Corp. has provided insight with respect to the status of one of its lenders, Accendo Banco S.A. The Company has learned that the Mexican National Banking and Securities Commission notified Accendo of the revocation of its authorization to organize and operate as a multiple banking institution due to Accendo falling below the regulatory minimum levels of liquidity coverage ratio of the institution. The [...]
Candelaria Mining Corp. is pleased to announce that, further to its press release of September 1, 2021, and due to investor demand, it has upsized its non-brokered private placement from gross proceeds of $7,800,000 to up to $9,300,000 through the issuance of up to 20,666,666 units of the Company at a price of $0.45 per Unit . Each Unit will consist of one common share of the Company and one-half of a common share [...]
Candelaria Mining Corp. is pleased to announce a non-brokered private placement of up to $7,800,000 of units of the Company at a price of $0.45 per Unit . Each Unit will consist of one common share of the Company and one-half of a common share purchase warrant, with each full Warrant entitling the holder thereof to acquire one common share of the Company at a price $0.65 for a period of 36 months following the closing of [...]
Candelaria Mining announces that the Company will not be proceeding with the proposed brokered private placement that the Company previously announced on April 14, 2021 and May 13, 2021. The Company is currently considering alternate forms of funding. Mike Struthers CEO +1 604 349 5992 For further information, please contact: Candelaria Mining Corp. Investor Relations +1 604 349 5992 | info@candelariamining.com Cautionary [...]
Candelaria Mining Corp. announces that the Company and Empire Metals Ltd. have mutually agreed to terminate their agreement for the Company to acquire GMC Investments as previously announced on October 26, 2020. The termination was the result of protracted delays resulting from Empire's inability to reach an agreement with their joint venture partners in Georgia, Caucasian Mining Group , regarding CMG's right of first [...]
Candelaria Mining Corp. announces the extension of the closing of the private placement that was previously announced on April 14, 2021. As previously announced, the Company has entered into an agreement with Echelon Wealth Partners, as sole agent and bookrunner, pursuant to which Echelon has agreed to sell, on a "best efforts" private placement basis, up to $25,000,000 of units of the Company at a price of $0.45 per Unit [...]
Candelaria Mining Corp. is pleased to announce that it has entered into an agreement with Echelon Wealth Partners, as sole agent and bookrunner, pursuant to which Echelon has agreed to sell, on a "best efforts" private placement basis, up to $25,000,000 of units of the Company at a price of $0.45 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant , with each Warrant [...]
Candelaria Mining Corp. is pleased to provide the following update. Overview Candelaria is a gold-focussed exploration and resource development company about to start construction of its first producing gold mine in Zacatecas, Mexico; The Company recently announced additions to its board and executive team in anticipation of executing the construction project and an ambitious exploration program at its flagship asset at [...]
Candelaria Mining Corp. would like to provide an update on the acquisition of the interests of Empire Metals Ltd. in the Bolnisi gold and copper project in the Republic of Georgia as previously announced on October 26, 2020. Empire Transaction The offer from the Company remains in place. The offer is subject to a right of first refusal by the Empire's joint venture partners in Georgia, Caucasian Mining Group . Whilst CMG [...]