greenhorn schrieb am 22.05.2020, 16:41 Uhr[/url]"]
DNT - wie lange sind die hier schon mehr oder weniger auf dem Schirm....wird es nun am Ende doch zu einer Übernahme kommen
Joanne Freeze hat bisher durchgehalten......all die Jahre!
Candente investor Fortescue acquires 27.5 M shares
https://www.stockwatch.com/News/Item?bid=Z-C:DNT-2910061&symbol=DNT®ion=C
2020-05-22 10:31 ET - News Release
Ms. Joanne Freeze reports
FORTESCUE ACQUIRES STRATEGIC INTEREST IN CANDENTE COPPER
Nascent Exploration Pty. Ltd., a wholly owned subsidiary of Fortescue Metals Group Ltd., has increased its holding in Candente Copper Corp. from a 9.72-per-cent interest to a 19.92-per-cent interest by subscribing for 27.5 million shares for gross proceeds of $1,375,000 through a non-brokered private placement.
Fortescue is one of the largest global iron ore producers, recognised for its culture, innovation and industry-leading development of world class infrastructure and mining assets in Western Australia. Fortescue's recent Australian exploration activity has focussed on early stage target generation for copper-gold in addition to its extensive iron ore deposits in Western Australia, while it simultaneously builds on its world-class exploration expertise, operational reputation and capability through exploration in highly prospective areas such as South America, including Peru, to deliver shareholder value.
"We are very pleased to have a recognized global leader in the mining industry as a strategic investor. Considering Fortescue's cornerstone values including safety, protection of the environment and contributing to opportunities for local communities by working together, we believe they are a great fit to support Candente Copper and the Canariaco project," commented Joanne Freeze, CEO.
In addition to this placement, Fortescue will at its cost allocate two engineers to work on a part time joint technical committee with Candente Copper nominees, with a goal to identify the optimum strategy for the development of the Canariaco project.
Fortescue was previously granted and retains the right to appoint one person as a director of Candente Copper as well as certain pre-emptive rights. These rights include anti-dilution rights as well as a Right of First Refusal on any debt financing or royalty or stream agreements on any of Candente Copper's assets (but does not include an earn-in joint venture proposals). Details of such are given below.
The Private Placement comprises the sale of 27,500,000 common shares (the "Shares") at a price of $0.05 per share to raise gross proceeds of Cdn$1,375,000. The gross proceeds of the Private Placement are to be used for general corporate purposes and to fund costs related to the Canariaco Copper Project. The Shares will be subject to a statutory 4 month and one day hold period commencing the day of closing of the Private Placement.