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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
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Post by bcjton Mar 25, 2011 8:59am
318 Views
Post# 18339251

Canaco agents exercise $17.98-million greenshoe

Canaco agents exercise $17.98-million greenshoe

Canaco agents exercise $17.98-million greenshoe

Canaco Resources Inc (C:CAN)
Shares Issued 169,885,353
Last Close 3/24/2011 $5.44
Friday March 25 2011 - News Release

Mr.Andrew Lee Smith reports

CANACO COMPLETES OVER-ALLOTMENT OPTION FOR ADDITIONAL $18 MILLION; $138 MILLION TOTAL GROSS PROCEEDS RAISED

Canaco Resources Inc. has completed the sale of an additional 3.33 million common shares of the company following the exercise in full of the underwriters' overallotment option granted by the company in connection with its previously announced bought-deal financing by Canaccord Genuity Corp. and TD Securities Inc. The common shares were sold at a price of $5.40 per share for additional gross proceeds to Canaco of $17,982,000. With the overallotment option, total gross proceeds of $137,862,000 were raised for the company.

We seek Safe Harbor.

© 2011 Canjex Publishing Ltd.

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