Candelaria Mining Proposes Warrant Extension
December 01 2017 - 4:00PM
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Candelaria Mining Corp. (TSXV:CAND) (OTCQX:CDELF)
(FRANKFURT:29LN) (the “Company”) announces it
intends to extend certain outstanding share purchase warrants.
Warrants expiry date
extension
The Company intends to make an application to
the TSX Venture Exchange (the “Exchange”) to
extend the exercise period of a total of 12,632,398 outstanding
share purchase warrants exercisable at $0.75 per share
(collectively, the “Warrants”). The Warrants
were issued pursuant to private placements that completed from June
to September 2016, and pursuant to the conversion of a convertible
note. The expiry dates are proposed to be extended by 12
months as follows:
- December 14, 2018 as to 2,888,888 warrants
- January 6, 2019 as to 2,154,444 warrants
- March 13, 2019 as to 777,777 warrants
- February 18, 2019 as to 6,811,289 warrants.
The exercise price of the Warrants will remain
unchanged. The Warrant extension is subject to the acceptance of
the Exchange.
ON BEHALF OF THE BOARD,
Curtis TurnerChief Executive Officer
For further information, please contact:
Investor RelationsEmail: info@candelariamining.com
Phone: 604-349-5992
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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