Candente Gold announces proposed Warrants Extension

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[{"type":"text","content":"Candente Gold announces proposed Warrants Extension(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / July 11, 2018 - Candente Gold Corp. (TSXV:CDG) (\"Candente Gold\" and/or the \"Company\") advises that it has applied to the TSX Venture Exchange (\"TSXV\") for approval to extend the exercise period of a total of 5,000,000 outstanding share purchase warrants (the \"Warrants\") issued pursuant to the private placement completed on August 12, 2016. The original expiry date was August 12, 2018 and if the extension is approved, the new expiration date will be August 12, 2020.\n\n\n \nThe exercise price of the Warrants will remain unchanged at $0.10 with the acceleration clause unchanged as follows: \"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 triggered if at any time 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\".\n\n\n \nThe proposed Warrant extension remains subject to the TSXV approval.\n\n\n \nAbout Candente Gold\n\n\n \nCandente Gold's flagship asset is El Oro, a district scale gold project encompassing a well-known and prolific, high grade gold dominant, silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total. Approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores)\n\n \n \nModern understanding of epithermal vein systems indicates that several of the El Oro district's veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres. \n\n \n \nIn addition to the hard rock potential, Candente Gold is investigating the potential to recover gold and silver from the Mexico Mine Tailings by granting Sun River Gold Corp. (\"SRG\"), the right and option to further test and, if proven economic, develop and operate the Company's tailings project in El Oro Mexico (the \"Tailings Proje...

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