candelaria mining announces 4.2M private placement financing

VANCOUVER, British Columbia, Dec. 21, 2018 (GLOBE NEWSWIRE) — Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the “Company) is pleased to announce that it intends to conduct an offering, on a non-brokered private placement basis, of up to 10,500,000 units of the Company (the “Units“) at a subscription price of $0.40 per Unit for aggregate gross proceeds of up to $4,200,000 (the “Private Placement“). Each Unit will consist of one common share of the Company (each, a “Common Share“) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant“). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.60 for a period of three (3) years following the closing of the Private Placement.

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