CANDORADO OPERATING CO V.CDO

Complete news

[Rambo007]

Candorado arranges $750,000 private placement

2010-12-02 17:05 ET - News Release

Mr. Kirk Reed reports

CANDORADO ANNOUNCES A NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT FOR $750,000

Candorado Operating Co. Ltd. has arranged a non-brokered private placement of 7.5 million flow-through units at a price of 10 cents per FT unit for total proceeds of $750,000. Each FT unit will consist of one flow-through common share and one share purchase warrant entitling the investor to purchase one non-flow-through common share for a period of 24 months at a price of 15 cents per share.

The funds raised by way of the flow-through financing will be used for exploration of the company's La Motte lithium properties in Quebec and continuing development of the B.C. Quesnel Trough projects.

The private placement is subject to TSX Venture Exchange approval, and, in accordance with the securities legislation currently in effect, all securities will be subject to a hold period of four months and one day from the date of issuance and closing.

We seek Safe Harbor.

[Rambo007]

Man Prime core results will be processed soon....Nice to see a PP at a higher price than 5 cents....Growing interest in investors

[blackgold99]

Didn't I say last week that all this would happen?...a series of news releases and a small PP.This money will be used in part to analyze the cores form ManPrime, it's been held in storage since the summer.The fact that they're pursuing a JV for the Murphy Lake property could be very interesting. This stock will explode once they announce an agreement has taken place!!!Cheers!.

[Rambo007]

Sure explains the growing interest of investors and a PP set at a higher price Blackgold even though CDO is trading below 10 cents...CDO is proving to investors that it has growing potential for return to investors