Vancouver, British Columbia / TheNewswire / August 4rd, 2016. Candente Gold Corp. (TSXV:CDG) (“Company”) is pleased to announce that the non-brokered private placement (“Private Placement”) launched on July 11th, 2016 (News Release No. 056) has been fully-subscribed. The Company may increase the size of the Private Placement to accommodate additional qualified investors who subscribe by 5pm PST on Thursday, August 4th, 2016.
The Private Placement, as stated previously, will consist of the sale of approximately 10,000,000 units (“Units”) at a price of $0.05 to raise gross proceeds of approximately $500,000 under terms as outlined in News Release No. 056. Each Unit will consist of one common share of the Company (a “Unit Share”) and one half-share purchase warrant (a “Warrant”). Each full warrant will beexercisable for one additional share of the Company’s common stock (a “Warrant Share”) for two years at a conversion price of $0.10, subject to an acceleration provision triggered if at any time after November 30th, 2016, the Company’s common shares have a closing price on the TSX Venture Exchange at or above a price of Cdn$0.20 per share for a period of 10 consecutive trading days.