Candelaria Mining Corp. is pleased to announce that Mr. Mike Struthers has agreed to be appointed as Chief Executive Officer as part of a transaction to acquire the interests of Empire Metals Ltd. in the Bolnisi gold and copper project in the Republic of Georgia. In conjunction with his upcoming appointment as CEO, Mr. Struthers will join the [...]
Candelaria Mining Corp. announces it has closed the previously announced shares for debt transaction and issued 2,175,030 common shares of the Company in settlement of $1,087,515 of indebtedness. The common shares issued pursuant to the debt settlement are subject to a four month hold period expiring on January 26, 2021. About Candelaria Mining [...]
Candelaria Mining Corp. announces that it has agreed to settle outstanding debt of US$825,000 with an arm’s length creditor by issuing 2,175,030 common shares of the Company at a deemed price of C$0.50 per share. The amount of indebtedness represents an outstanding account for equipment provided to the Company. The issuance of common shares in [...]
Candelaria Mining Corp. announces the grant of incentive stock options pursuant to its stock option plan, to directors and officers of the Company, to purchase up to an aggregate of 2,250,000 common shares of the Company at a price of $0.30 per share expiring five years from the date of grant. In addition, the Company has granted directors and [...]
Candelaria Mining Corp. is pleased to provide a corporate update. Venture Liquidity Providers The Company has, subject to regulatory approval, retained Venture Liquidity Providers Inc. to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company. The market-making service [...]
Candelaria Mining Corp. is pleased to provide a corporate update. Venture Liquidity Providers The Company has, subject to regulatory approval, retained Venture Liquidity Providers Inc. to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company. The market-making service [...]
Candelaria Mining Corp. is pleased to announce that it has closed a US$9 million medium term loan facility with Accendo Banco, S.A. . Funds advanced under the facility will be used for financing construction of the Company’s Pinos project and working capital purposes. The loan facility will be secured against the assets of the Company and its [...]
Candelaria Mining Corp. is pleased to announce that it has entered into a letter agreement with Accendo Banco, S.A. providing the terms under which Accendo will provide a loan facility for US$9 million. Funds advanced under the facility will be used for financing construction of the Company’s Pinos project and working capital purposes. The loan [...]
Candelaria Mining Corp. is pleased to announce the closing of an offering, on a non-brokered private placement basis, of 4,237,042 units of the Company at a subscription price of $0.25 per Unit for aggregate gross proceeds of $1,059,261 . Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant . Each [...]
Candelaria Mining Corp. is pleased to announce that the Company has received subscriptions for an offering, on a non-brokered private placement basis, of 4,237,042 units of the Company at a subscription price of $0.25 per Unit for aggregate gross proceeds of up to $1,059,261 . Each Unit will consist of one common share of the Company and one-half [...]
Candelaria Mining Corp. is pleased to announce in-fill drill results from the Cinco Estrellas Vein at the Pinos Gold Project located in Zacatecas, Mexico. The 20 holes in-fill drilling program confirms the grade and continuity of the Cinco Estrellas vein and include the following intervals: 2.4 m at 5.3 gpt AuEq * 3.7 m at 4.4 gpt AuEq * 1.3 m at [...]
Candelaria Mining Corp. is pleased to provide an update on a private placement previously announced on December 21, 2018 and March 8, 2019. The Company would like to state that the private placement has been discontinued due to unfavorable market conditions. The Company would like to announce a new private placement with revised terms. The Company [...]