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 [...]
Candelaria Mining Corp. is pleased to announce it has sold a 0.5% net smelter return royalty on production from the Pinos Project to Empress Royalty Corp. for US$750,000. Empress also purchased an additional 0.5% NSR from a previous royalty holder on the Pinos Project, for a total of a 1.0% NSR on the Pinos Project. The Pinos Project is subject to NSR royalties of 2.0% including the two NSR royalties held by Empress. Mr [...]
Candelaria Mining Corp. is pleased to announce that Mr. Mike Struthers has agreed to be appointed as Chief Executive Officer as part of a transaction to acquire the interests of Empire Metals Ltd. in the Bolnisi gold and copper project in the Republic of Georgia. In conjunction with his upcoming appointment as CEO, Mr. Struthers will join the Company's Board of Directors. Candelaria is also pleased to announce that Dr [...]
Candelaria Mining Corp. announces it has closed the previously announced shares for debt transaction and issued 2,175,030 common shares of the Company in settlement of $1,087,515 of indebtedness. The common shares issued pursuant to the debt settlement are subject to a four month hold period expiring on January 26, 2021. About Candelaria Mining Candelaria Mining is a Canadian-based gold development and exploration company [...]
Candelaria Mining Corp. announces that it has agreed to settle outstanding debt of US$825,000 with an arm’s length creditor by issuing 2,175,030 common shares of the Company at a deemed price of C$0.50 per share. The amount of indebtedness represents an outstanding account for equipment provided to the Company. The issuance of common shares in connection with the debt settlement is subject to the approval of the TSX [...]
Candelaria Mining Corp. announces the grant of incentive stock options pursuant to its stock option plan, to directors and officers of the Company, to purchase up to an aggregate of 2,250,000 common shares of the Company at a price of $0.30 per share expiring five years from the date of grant. In addition, the Company has granted directors and officers of the Company 2,060,000 restricted share units at a price of $0.30 [...]
Candelaria Mining Corp. is pleased to provide a corporate update. Venture Liquidity Providers The Company has, subject to regulatory approval, retained Venture Liquidity Providers Inc. to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company. The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co [...]
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