Palamina Corp. is pleased to announce that it will conduct a non-brokered private placement offering of up to 6,250,000 units at a purchase price of $0.32 per Unit, for aggregate gross proceeds of up to $2,000,000.
Bradford Cooke, CEO, commented, In recent years, we diversified our growth strategy to include a portfolio of greenfields projects in Chile that have bulk tonnage potential. Our exploration group acquired and explored three attractive new projects to delineate high priority targets for drilling this year. The targets include low sulfidation epithermal silver at Aida, high sulfidation epithermal gold at Paloma and porphyry copper-molybdenum-gold at Cerro Marquez. We are thrilled to introduce today this new pipeline of growth projects and we look forward to drilling them in the second half of this year.
Candente Gold Corp. is pleased to announce that its Mexican subsidiary, Minera CCM El Oro Jales S.A. de CV has renewed the option, originally signed in 2013 and both re-newed and revised in 2017. This agreement allows the Re-Processing of the tailings deposit derived from the Mexico Mine, part of the San Rafael Vein in the El Oro District. The New Tailings Agreement signed in 2017, is to be ratified every three years, when the Municipality elects a new President and Council Members. There was no change to any previous terms in the Ratified Agreement.
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