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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Post by muckermanon Nov 29, 2010 11:18pm
295 Views
Post# 17774424

tick tock tick tock - SOC financing?

tick tock tick tock - SOC financing?Canaco was vocal that a settlement would be reached on or before November 29th. 

I think the longer the settlement takes, increased power moves to the Sonora side of the negotiation.  

Paul, Joe and Gulio (SOC's big three directors) are experienced players who have negotiated much larger deals than this one.  

A few comments have been made about SOC not having any funding - please be asssured that when Sonora needs money, it will arrive at ligh speed.  Paul Matysek (SOC director) just agreed to a deal worth over $400 million to his shareholders of Potash One.  As President and CEO he has alot of very happy shareholders who would be delighted to join him on this next venture.

Money follows money - Sonora can be financed in a couple of phone calls.



 
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