Mr. Sokhie Puar reports
CANDELARIA MINING CORP. ANNOUNCES PRIVATE PLACEMENT
Candelaria Mining Corp. is offering, on a private-placement basis, up to 12 million common shares of the company at a price of five cents per share for total proceeds of $600,000.
The proceeds from the private placement will be used for general working capital. The private placement is subject to approval by the TSX Venture Exchange.
The company further announces that, pursuant to its stock option plan, it has granted 250,000 incentive stock options to a certain director of the company. The options are exercisable at a price of five cents per share and expire five years from the date of grant.