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 > Hearing Could be The Best Thing

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Comment by thomasriddle75on Mar 13, 2013 12:36pm

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Post# 21123173

RE: RE: Hearing Could be The Best Thing

after reading that NR again, my take on this is not so simple

this transaction, which was expected to close last month, requires approval by the TSX, the court for spinout transaction and shareholders

the acquisition of Shark is conditional on Tanzanian assets and $26M in cash being spun out into EAF, which is expected to be managed by certain executives of CAN

as you all know, four of CAN's directors have been placed in the penalty box by the BCSC. as per David Baines' article last weekend, an 11 day hearing took place in Jan, closing arguments were delivered last week and a decision will be issued within the 90-day target for such proceedings

does anyone know if any of these four intend on being involved in EAF? if so, would this not complicate matters if they were to be suspended or subject to some other disciplinary action in the coming weeks?