Candelaria Mining Corp T.CAN

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

Metals & Mining Gold

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

Candelaria Mining Corp > Ethiopian Spinout?

<< Previous

Bullboard Posts

Next >>

Comment by Interesting1on Dec 11, 2010 11:26pm

341 Views

Post# 17834643

RE: RE: Ethiopian Spinout?

Creating a newco is expensive. That's why IPO's are becoming less and less popular these days.

Is it possible the company is considering spinning out the Ethiopian properties into a shell company controled by insiders? This might be more tax effiecient and less costly than creating a newco.

Thots?

Interesting1

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading