Candente Gold Announces Non-Brokered Financing

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[{"type":"text","content":"Candente Gold Announces Non-Brokered Financing(via Thenewswire.ca)\n \n \nVancouver, British Columbia / TheNewswire / July 11th, 2016. Candente Gold Corp. (TSXV:CDG) (\"Candente Gold\" and/or the \"Company\") is pleased to announce, subject to regulatory approval, that it intends to carry out a non-brokered private placement (the \"Private Placement\") to raise gross proceeds of approximately Cdn$500,000. Approximately $250,000 of the gross proceeds of the Private Placement are to be used to further define drill targets on the El Oro gold-silver project and approximately $250,000 will be used for working capital and general corporate purposes.\n\n \n \nThe Private Placement will consist of the sale of approximately 10,000,000 units (the \"Units\") at a price of $0.05 to raise gross proceeds of approximately $500,000. 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 be exercisable 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. 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, the Company may give notice by news release that expiration of the Warrants will be accelerated to 40 days from the date of providing such notice. Both Unit and Warrant Shares will be subject to a mandatory four month hold period commencing the day of closing of the Private Placement. \n\n\n \nIf aggregate subscriptions for Units under Private Placement exceed the maximum number of Units to be sold, Candente Gold may increase the size of the Private Placement or subscriptions will otherwise be accepted on a \"first-come, first-served\" basis. The Company may pay finder's fees in connection with a portion of the Private Placement.\n\n\n \nJoanne Freeze, CEO and a director of the Company, and other directors of the Company are to subscribe for a portion of the Private Placement, which in total will be for less than 25% of Candente Gold's market capitalization. The Company is therefore intending to rely upon exemptions from the valuation and minority shareholder approval requirements contained ...

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