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.

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Candelaria Mining Corp > Ethiopian Spinout?

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Comment by Interesting1on Dec 12, 2010 10:13am

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Post# 17835038

RE: RE: Ethiopian Spinout?

I think it's key for management to spin the Ethiopian properties out ASAP. If a major takes a run at Canaco, pretty much zero value will be assigned to Handeni in a take out offer.

I am guessing the spin out is a top priority for management now that the Magambazi dispute is no longer a distraction.

The question is ... do they spin out into Newco (expensive and slow process) or Shellco held by insiders (potentially less expensive and more expedient).

Interesting1

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